Layoffs at Finnish SSAB enterprises will continue

In the spring, SSAB completed negotiations between employers and workers regarding temporary layoffs in its activities in Finland due to weakening market conditions as a result of the Covid-19 pandemic.

The negotiations resulted in temporary layoffs averaging three weeks in April-June. As economic conditions and demand in the steel market continue to deteriorate, a similar need for layoffs will continue for at least July to September. The layoffs will apply to all staff employed in Finnish enterprises, with the exception of subsidiaries Tibnor and Ruukki Construction, which have separately announced their corrective measures. The exact timing of layoffs will depend on the workload of the various functions and product lines, but, starting in June, may exceed an average of three weeks over a three-month period.

Sweden is also responding to the economic impact of Covid-19. These measures include plans to expand short-job allowances in many workplaces.

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