Outokumpu Oyj - Company Announcement

Outokumpu proceeds with efficiency measures

OUTOKUMPU OYJ
STOCK EXCHANGE RELEASE
April 25, 2013 at 8.55 am EET



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 jobs globally of which up
to 570 in Germany, up to 70 in Sweden and up to 30 in Finland. The planned
reductions are related to the capacity reductions in Europe, particularly to
the previously announced closure of Krefeld meltshop in Germany, as well as
streamlining overlapping activities in sales, production, supply chain and
support functions. 

Says Outokumpu CEO Mika Seitovirta: “These planned job reductions are a
difficult consequence of the necessary measures that we are taking to reach the
MEUR200 synergy savings and MEUR150 additional cost savings, and turn the
company back to profitability.” 

Outokumpu will conduct the plans in a socially responsible manner, in full
compliance with local legislation, agreements and practices. 

For further information:

Investors:

Tamara Weinert
tel. +358 9 421 2438, mob. +358 40 751 7194

Media:

Saara Tahvanainen
tel. +358 9 421 3265, mob. + 358 40 589 0223

Outokumpu Oyj



Outokumpu is the global leader in stainless steel and high performance alloys.
Our advanced materials are the ideal choice for demanding applications ranging
from cutlery to bridges, energy plants to medical equipment. Stainless steel
contributes to a sustainable and long lasting world as it is a 100% recyclable,
corrosion-resistant, maintenance-free, durable and hygienic material. Outokumpu
employs approximately over 16 000 professionals in over 40 countries, with the
Group's head office in Espoo, Finland and shares listed on the NASDAQ OMX
Helsinki. www.outokumpu.com

Attachments:

P150 25042013 ENG.pdf