SSAB gives notice of redundancy regarding 450 employees
SSAB has today given notice of redundancy affecting 450 employees in the Swedish operations. The measures constitute part of the previously announced efficiency program within SSAB EMEA.SSAB EMEA is currently carrying out an efficiency program aimed at increasing flexibility throughout the entire business operation. The program has been accelerated and is expected to be fully completed towards the end of the first quarter of 2013. The annual cost savings are expected to amount to SEK 800 million. Accordingly, notice of redundancy has been issued covering 450 employees, of whom