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Outokumpu to cut 1 in 6 workers on gloomy steel outlook

Frik Els | October 20, 2011 | 5:45 pm Energy Europe Coal Iron Ore 

Reuters reports Outokumpu said it expected to report a significant operating loss in its final quarter as weak demand and prices continued to hit margins forcing the stainless steel maker to cut up to 1,300 jobs in an effort to...

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