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Negotiations concerning temporary lay-offs in the Finnish operations ended

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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

SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers to create a stronger, lighter and more sustainable world. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki. www.ssab.com.
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