Outokumpu plans restructuring measures in Germany to strengthen competitiveness and market leadership in advanced materials.
In the second phase of the strategy, Outokumpu strengthens the core of the company and aims to make the most of its current assets. Now, in the weakened market environment, there is a need to take prompt actions to secure competitiveness in Europe while strengthening Outokumpu’s global market leadership in advanced materials.
Consequently, Outokumpu aims to streamline its operations in Germany and plans restructuring measures to utilize its assets most efficiently. These measures would include centralizing advanced materials production in Germany fully to Dillenburg. In practice, this would mean that precision strip operations would be transferred from Dahlerbrück to Dillenburg. Simultaneously, Outokumpu plans to close its coil service center in Hockenheim and intends to transfer the volumes to other sites.
The planned restructuring measures are expected to impact close to 200 people in Germany. Outokumpu intends to commence negotiations with employee representatives in Germany in full respect of local legislation and practices.
The possible closure of Hockenheim is planned to be completed by the end of the second quarter of 2024 and Dahlerbrück by the end of 2024.
