Metso and Outotec to cut workforce in market downturn

• Autores: Kasia Patel
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 580, 2016 (Ejemplar dedicado a: Febrero)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • "Outotec will also adjust the production capacity during 2016 through temporary lay-offs in the Turula and Lappeenranta units. Possible temporary lay-offs in other locations depend on the development of the market and Outotec's order intake," the company outlined.

    "The global market in minerals and metals processing has further weakened during the recent months," Outotec's CEO, Pertti Korhonen, said in November. "The actions we need to take are rough but necessary to ensure our competitiveness in the challenging market situation." In January, Barclays downgraded leading mining company BHP Billiton to "underweight", suggesting no relief for the gloomy mining sector. Project investment for the company in 2015 was $10bn below 2013 capex, with BHP working on the development of only four projects compared with 18 mine and infrastructure developments only two years previously.