6 mei, 2008
09:30 CET
Rautaruukki to streamline engineering operations in Hungary
Rautaruukki Oyj Stock exchange release 6 May 2008 at 10.30
Rautaruukki's engineering division, Ruukki Engineering, is to streamline
operations at its Hungarian unit, Ruukki Tisza Zrt, to improve profitability.
Better profitability will be sought by cutting overheads and by improving
organisational function. Efficiency actions are part of the division's
productivity and profitability improvement programme, which aims at improving
the division's operating profit by EUR 20 million in 2008.
Overheads will be cut to lower the unit's cost structure. It has been agreed to
cut the number of white collar jobs by a total of 190 during the course of this
year and next. Reduction relates to the administrative staff.
A new enterprise resource planning system (ERP) will be introduced at the
Hungarian unit as part of efficiency improvement actions. Deployment of
Ruukki's common systems and ways of working at the unit will reduce overlapping
work and simplify administrative structures.
-The Hungarian unit has an important role in our growth strategy. A new
organisational structure and the introduction of new systems call for different
skills than earlier. This means staff retraining and adjusting staff numbers to
improve profitability. We're offering employees an opportunity to retrain for
new jobs on the production side at Ruukki Tisza Zrt, says Tommi Matomäki,
President, Ruukki Engineering.
Rautaruukki acquired a majority stake in Ruukki Tisza Zrt in May 2007. The
company has production sites in Jászberény and Hatvan in Hungary and is part of
Ruukki Engineering division. Ruukki Tisza Zrt has 992 employees, including
hired-in workers.
For further information, please contact:
Tommi Matomäki, President, Ruukki Engineering tel. +358 20 592 8809
Rautaruukki Corporation
Anne Pirilä
SVP, Corporate Communications and Investor Relations
Rautaruukki supplies metal-based components, systems and integrated systems to
the construction and engineering industries. The company has a wide selection
of metal products and services. Rautaruukki has operations in 24 countries and
employs 14,600 people. Net sales in 2007 totalled EUR 3.9 billion. The
company's share is quoted on the OMX Nordic Exchange Helsinki (Rautaruukki Oyj:
RTRKS). The Corporation uses the marketing name Ruukki.
DISTRIBUTION
OMX Nordic Exchange Helsinki
Main media
www.ruukki.com