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Outokumpu has started a strategic review of its high performance alloys or VDM business unit. During this review, Outokumpu will evaluate strategic options for VDM and consider how best to drive continued growth and profitability for the business, within or outside of Outokumpu. Says Outokumpu CEO Mika Seitovirta: “Given the challenging economic and market environment, …
As part of its intention to significantly reduce its operating expenses and return the company to profitability, Outokumpu has today announced plans that are expected to result in job reductions. All in all, Outokumpu expects to reduce up to 2,500 jobs globally between 2013 and 2017. In 2013, company plans to reduce up to 770 …
In December 2012, Outokumpu completed the Inoxum transaction and implemented a new company structure. As of December 29, 2012 Outokumpu has four business areas that provide the full range of stainless steel as well as high performance alloys: Stainless Coil EMEA Stainless Coil Americas Stainless APAC and High Performance Stainless & Alloys. The business areas …