Ruukki Construction plans to adjust operations and cost structure
SSAB’s subsidiary Ruukki Construction plans to adjust operations to the weak demand in the construction market. The measures, which affect all of Ruukki Construction's businesses and operating countries, aim to achieve annual cost savings of approximately EUR 15 million. The measures that are expected to be implemented by the end of 2023 could result in the reduction of approximately 200 positions in the company’s operating countries.The market situation in all ten of Ruukki Construction’s operating countries has been weak for some time, and there are no signs of improvement in the short