OREANDA-NEWS. Fortum continues to improve its cost structure with a target to reduce the fixed cost base by EUR 100 million in its current operations by the end of 2017. This is a natural continuation to the cost savings completed in 2013-14.

"Our industry is facing significant pressures from the persistently demanding business environment, including low commodity prices. While we are building Fortum's future in accordance with our new vision, continuous cost improvement in our existing operations is a must, and there are a lot of opportunities. We will further streamline our organisation, improve our operational efficiency and put more focus on procurement," says Pekka Lundmark, President and CEO.