Regulatory press releases

Negotiations concerning temporary lay-offs in the Finnish operations ended

Investors, Strategy
September 17, 2019 15:30 CEST
Negotiations concerning temporary lay-offs in the Finnish operations ended
SSAB started to explore flexibility measures related to staffing adjustments at the end of August and initiated employer-employee negotiations in its Finnish operations concerning potential temporary lay-offs of a maximum of 90 days. The negotiations have now ended and there will be a temporary lay-off need averaging 2-3 weeks in 2019.

The temporary layoffs concern SSAB Europe, which has the largest sites in Raahe and Hämeenlinna, as well as Group functions. The exact allocation of layoffs will be determined over the coming weeks. Any need for termporary lay-offs in early 2020 will be assessed separately.

For further information, please contact:
Atte Kaksonen, Press Officer, Finland, atte.kaksonen @ ssab.com, tel. +358 50 3143 634
Mia Widell, Press Relations Manager, Sweden,
mia.widell @ ssab.com, tel. +46 76 527 2501.

Olavi Huhtala, Executive Vice President, SSAB Europe,
olavi.huhtala @ ssab.com, tel. +358 20 592 9157

Attachments

Negotiations concerning temporary lay-offs in the Finnish operations ended

Related articles

Nov 22Regulatory press releases
Investors
Strategy
Raahe

The change negotiations initiated by SSAB Europe’s Finland Business Unit in Raahe have concluded. The negotiations identified solutions that can deliver permanent cost savings of more than EUR 10...

Sep 25Regulatory press releases
Investors
Strategy
Raahe

SSAB Europe’s Business Unit Finland is to initiate change negotiations in Raahe because of continued weak demand. The target is to structurally reduce the fixed costs by at least EUR 10 million on an...

Aug 29Regulatory press releases
Investors
Strategy

SSAB introduces flexibility measures and initiates employer-employee negotiations in its Finnish operations. The initiatives are due to a reduction in production volumes in the Nordic operations.