Outokumpu Corporation
Stock Exchange Release
December 17, 2025 at 5.00 pm EET
Outokumpu completes personnel negotiations in Finland, Sweden and Germany
Outokumpu is advancing its restructuring program, with the goal of achieving EUR 100 million in cost savings by the end of 2027, by completion of personnel negotiations in Finland, Sweden and Germany.
The program focuses on the business area Europe and global group functions. Structural savings will be achieved through fixed cost measures, including workforce reduction, alongside efficiency improvements across the organization and optimization of the production footprint. These actions respond to weak stainless steel demand and intense competition from low-priced imports into the European market, which have resulted in unsustainably weak profitability. Strengthening the company's foundations is essential to successfully execute Outokumpu's growth-focused EVOLVE strategy.
In total, the restructuring program is expected to impact approximately 650 full-time positions by the end of 2027, including approximately 450 positions subject to negotiations. Negotiations in Finland, Sweden and Germany have now been concluded, resulting in reductions of 139, 109, and 120 positions, respectively. Processes in other countries are ongoing and are expected to impact approximately 80 positions.
Outokumpu expects to record a restructuring provision of approximately EUR 35 million as an item affecting comparability in EBITDA in the fourth quarter of 2025. The majority of the EUR 35 million cash flow impact is anticipated in 2026.
For more information:
Investors: Johan Lindh, VP - Investor Relations, tel. +358 40 837 3994
Media: Päivi Allenius, SVP - Communications and Public Affairs, tel. +358 40 753 7374 or Outokumpu media desk, tel. +358 40 351 9840
Outokumpu is accelerating the green transition as the global leader in sustainable stainless steel. Our business is based on the circular economy: our products are made from 95% recycled materials, which we then turn into fully recyclable stainless steel. This steel is utilized in various applications across society, including infrastructure, mobility, and household appliances. We are committed to 1.5°C target to mitigate climate change, and with up to 75% lower carbon footprint than the industry average, we support our customers to reduce their emissions. Together, we are working towards a world that lasts forever. Outokumpu Corporation employs approximately 8,700 professionals in close to 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. Read more: www.outokumpu.com