Wires

Rautaruukki plans temporary layoffs of 150 workers

HELSINKI, Oct 10 (Reuters) - Steel maker Rautaruukki

said on Wednesday it plans temporary layoffs ofaround 150 engineering staff in western Finland due to weakerdemand.

Rautaruukki said it will begin negotiations with staff over90-day layoffs which it plans to implement this year throughearly next year.

In September, the company warned it would post an annualoperating loss and said it would cut around 250 jobs as economicuncertainty and lower prices were weighing on its sales.

(Reporting by Terhi Kinnunen)

((terhi.kinnunen@thomsonreuters.com)(+358 9 680 50 243)(ReutersMessaging: terhi.kinnunen.thomsonreuters.com@reuters.net))

Keywords: FINLAND RAUTARUUKKI/JOBS

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