Ruukki concludes change negotiations in Finland

Ruukki Construction
Press release
4.10.2023

Ruukki Construction, part of SSAB Group, has concluded the change negotiations concerning its operations in Finland. The negotiations were part of the cost structure adjustment measures announced in June and concerning all of Ruukki's businesses and operating countries. As a result of the Finnish negotiations, a total of 33 jobs will be lost. In addition, personnel will be temporarily laid off as needed depending on the market situation.

The aim of the negotiations concerning Ruukki Construction Oy's personnel in Finland was to find ways to adapt the company's operations and cost structure to the weak demand in the construction market.

As a result of the Finnish negotiations, a total of 33 jobs will be lost. This will lead to a workforce reduction of 22 persons. The remaining reductions will take the form of retirements and reorganization of duties. In addition, depending on the market situation, personnel will be temporarily laid off between October 2023 and May 2024. The implementation and duration of the possible temporary layoffs will vary by task and function. The negotiations covered a total of 283 people.

"There has been no change for the better in the market situation during the negotiations. Consequently, we need to restructure operations and possibly also initiate temporary layoffs in order to adjust our operations and cost structure to the predictable load situation," says Sami Eronen, President, Ruukki Construction.

At the end of September, Ruukki employed a total of about 400 people in Finland.

For more information, please contact

Sami Eronen, President, Ruukki Construction, sami.eronen@ruukki.com 

Ruukki Construction is a supplier of steel-based building products and services for roofs and walls for sustainable buildings. We employ around 1,500 people and have 12 specialized manufacturing sites. Our strong presence in 10 European countries enables us to serve customers locally with our main brands, Ruukki and Plannja. Our comparable net sales in 2022 were around EUR 646 million. We are of Nordic origin, part of SSAB, sharing values, and vast experience in the steel and construction industries. www.ruukki.com

SSAB is a Nordic and U.S.-based steel company with employees in over 50 countries. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com