SSM adapts organization
In 2019, SSM Holding AB (publ), Sweden’s leading developer of smart, affordable homes, adopted a new business plan focused on rental projects and selected cooperative apartment projects. As a result of the company's ongoing conversion to focus mainly on rental projects, SSM intends to reduce the number of employees working within sales and marketing. This is expected to contribute annual cost savings of 6.5 MSEK. Restructuring costs of 3.3 MSEK are expected to impact results for Q2 2020. In addition, SSM intends to introduce what are known as short-term work programme for parts of its staff