Outokumpu Starts Cooperations Negotiations Affecting Up To 450 Jobs

Oct 1 (Reuters) - Outokumpu Oyj OUT1V.HE:

• INSIDE INFORMATION: OUTOKUMPU IS PROCEEDING WITH ITS PLANNED RESTRUCTURING PROGRAM

• RESTRUCTURING TO AFFECT 650 OUTOKUMPU POSITIONS BY 2027

• PLANS RESTRUCTURING FOR EUR 100 MILLION SAVINGS BY 2027

• ABOUT 120 POSITIONS ARE EXPECTED TO BE REDUCED THROUGH NORMAL ATTRITION

• IS NOW INITIATING NEGOTIATIONS THAT MAY AFFECT UP TO 450 EMPLOYEES

• ANTICIPATES RECORDING AN ADJUSTMENT ITEM OF APPROXIMATELY EUR 45 MILLION RELATED TO A RESTRUCTURING PROVISION MAINLY IN Q4 2025

• MAJORITY OF EUR 45 MILLION CASH FLOW IMPACT IS EXPECTED IN 2026