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Outokumpu Starts New Cost Cuts As Losses Triple, CFO To Quit

2013-02-15 03:05:30| Steel - Topix.net

Finnish stainless steel maker Outokumpu Oyj said Thursday it will target fresh cost cuts of EUR150 million a year by the end of 2014 after its net loss almost tripled to EUR308 million in the fourth-quarter, adding that Chief Financial Officer Esa Lager will resign this year for personal reasons.

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