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Layoffs in SSAB’s Finnish Operations to Continue

Steel News - Published on Thu, 21 May 2020

Image Source: SSAB
In the spring, SSAB completed employer-employee negotiations concerning temporary layoffs in its Finnish operations following weakened market conditions as a result of the Covid-19 pandemic. The negotiations resulted in temporary layoffs averaging three weeks in April-June. Since economic conditions and demand on the steel market continue to weaken, there will be a similar need for temporary layoffs of at least as long in July-September. The lay-offs will apply to all personnel employed in Finnish operations excluding the subsidiaries Tibnor and Ruukki Construction, who have communicated their adjustment measures separately. The exact timing of lay-offs will depend on the workload situation of the various functions and production lines but, from June onwards may exceed the average of three weeks over the three-month period. Steel production capacity has been cut in line with weakened demand and one of the blast furnaces at the steel mill in Raahe has been temporarily idled since April.

Measures in response to the economic fallout from Covid-19 are also being taken in Sweden. These measures include plans to extend the short-time work allowances in many workplaces.

Source :

Posted By : Yogender Pancholi on Thu, 21 May 2020
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