Exchange cheering as SSAB kicks 100s – Expressen

SSAB has today initiated negotiations with the unions on staff reductions in the Nordic operations.

Mainly affected employees in Oxelösund and Borlänge, but also Luleå and Group functions in Stockholm concerned.

Total number of employees will decrease by a maximum of 465 people, according to SSAB, which states that ” the staff reduction is part of the previously announced synergies, but also means more efficiency. “

The number of employees in Sweden reduces

the number of employees in Sweden are expected to decrease by a maximum of 415 people – 265 officials and 150 workers, according to SSAB.

– There is still a lot of excess capacity in the market, which also creates a increased price pressure on steel products. This means that we must continue to strengthen our relative competitiveness, through both synergies and by constantly streamline our working methods in current operations, says SSAB’s CEO Martin Lindqvist in a statement.

The cutbacks will be completed later in April.

SSAB’s report weaker than expected

the cuts announced in connection with the steel giant leaves report for the last quarter. Although the report came in slightly weaker than expected – and a profit warning SSAB as late as December – reward anyway Exchange SSAB with a rise of 18 percent in the most traded share, SSAB A.

SSAB in Oxelösund it’s about 150 workers and 80 officials – a total of 230 people.

– We have savings requirements on us and it comes as a shock, says iF Metall shop steward Jimmy Gustavsson to SVT News.

the announcement would come when the interim report was expected, according to Jimmy Gustavsson.

– We should start negotiating now and it does not end up in this now. The organization should be candled and this is a figure that Stockholm think is a good savings levels, says Jimmy Gustavsson to SVT.