EMCC European Monitoring Centre on Change

SSAB

Company/Organisation:
SSAB

Geographic Location

Country: Sweden
Region: Norra Mellansverige
Location of affected unit(s): Borlänge, Oxelösund, and Luleå.

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Number Employed: 8800
Group: SSAB EMEA

Employment Effects

Announcement Date: 11-10-2012
Planned Job Reductions min: 450
Type of Restructuring: Internal restructuring
Direct Dismissals: 450

Additional Information

SSAB, a steel manufacturer of hot and cold reduced strip, has announced that 350 employees will be made redundant in the Swedish operations. Additionally, 100 that are employed on temporary contracts will be dismissed. The measure affects approximately 200 employees in Borlänge, 150 in Oxelösund, and 100 in Luleå. By the end of 2011 SSAB employed approximately 8800 in Sweden.

The downsizing is part of the efficiency program within SSAB EMEA aimed at increasing flexibility throughout the entire business operation. As of October 2012 it is not yet known when the job losses will be implemented by.