SSAB introduces flexibility measures in its Finnish operations

SSAB introduces flexibility measures and initiates employer-employee negotiations in its Finnish operations. The initiatives are due to a reduction in production volumes in the Nordic operations.

The negotiations to be initiated concern potential temporary lay-offs in the Finnish operations, excluding Lappohja tube mill and the subsidiaries Ruukki Construction, Tibnor, Raahen Voima and Presteel. The negotiations can result in temporary lay-offs of a maximum of 90 days. The exact number of employees as well as the lengths of the temporary lay-offs will be decided in the negotiations. The negotiations will be started on September 2 and are expected to last for a minimum of two weeks.

SSAB’s subsidiary Tibnor has initiated negotiations to possibly reduce the workforce by a maximum of 35 employees during 2019. These negotiations apply to all Tibnor operations in Finland with the exception of the Järvenpää unit’s production employees. The negotiations will last for a minimum of six weeks.

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.

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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SSAB is a Nordic and US-based steel company. SSAB offers value added products and servicesdeveloped in close cooperation with its customers to create a stronger, lighter and more sustainableworld. SSAB has employees in over 50 countries. SSAB has production facilities in Sweden, Finlandand the US. SSAB is listed on the Nasdaq OMX Nordic Exchange in Stockholm and has asecondary listing on the Nasdaq OMX in Helsinki. www.ssab.com