Outokumpu profits fall; more job cuts slated

Apr 25, 2013 | 03:11 PM | Elfi Middelbeek

Tags  Outokumpu, stainless steel, job losses, Mika Seitovirta, Elfi Middelbeek

LONDON – Stainless steel producer Outokumpu Oyj saw first-quarter earnings fall 80 percent compared with a year earlier as weak economic conditions weighed on prices.

First-quarter earnings before interest, taxes, depreciation and amortization (Ebitda) totaled €12 million ($15.6 million), down from €61 million in the same period last year. ....

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