Internal restructuring
Manner-Suomi; Pohjois-Suomi; Lappi
Location of affected unit(s)
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

52 jobs
Number of planned job losses
Job loss
Announcement Date
7 October 2022
Employment effect (start)
18 November 2022
Foreseen end date


Finnish steel and chrome manufacturer, Outokumpu, has announced its plans to dismiss 70 out of all 508 employees. The reason behind the negotiations is the need to restrict production due to the increasing price of electricity, which has prevented the company from restarting one of its three ferrochrome furnaces after a maintenance break. In addition, the high price of electricity undermines the cost competitiveness of the company. All of the employees that are to be dismissed work in the ferrochrome operations.

Cooperation negotiations have been initiated.

Outokumpu employs over 9,000 people worldwide in more than 30 countries. 508 people work in Finland.   

In 2020, Outokumpu cut 250 jobs in its production units in Tornio and Kemi (Outokumpu-2020-FI). Further, the company announced its wider plan to cut 900 jobs worldwide due to the impact of COVID-19 (Outokumpu-2020-FI).

Updated, 31/10/2022: Outokumpu has completed the cooperation negotiations. As a result, 52 persons will be laid off from ferrochrome production. The aim is to find employment for them in other operations in Tornio.



Eurofound (2022), Outokumpu , Internal restructuring in Finland, factsheet number 107569, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107569.