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The company is set to start cutting jobs at its general stainless division from mid-October.
Outokumpu said the job cuts would be made through “pension arrangements, terminations of fixed-term contracts and lay-offs” and said most of the cuts would be made in Finland.
The company aims to make total efficiency savings of about €10 million ($12.8 million), of which €5 million will come as a direct result of job cuts.