Archive for October 25th, 2005
Outokumpu to cease Stainless Coil Production in Sheffield
HELSINKI (AFX) - Outokumpu Oyj said it is to cease production at its Coil
Products Sheffield unit in the UK.
The decision affects some 570 workers and
staff consultation will begin immediately.
The closure will result in
write-downs of some 100 mln eur and provisions of some 50 mln eur, which will be
recorded in the fourth-quarter accounts, the company said.
Outokumpu’s
Sheffield-based [...]
Posted: October 25th, 2005 under Steel.
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