EMCC European Monitoring Centre on Change

SSAB

Company/Organisation:
SSAB

Geographic Location

Country: Sweden
Location of affected unit(s): Borlänge and Virsbo

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: 6900

Employment Effects

Announcement Date: 11-09-2015
Planned Job Reductions min: 270
Planned Job Reductions max: 270
Type of Restructuring: Merger/Acquisition

Additional Information

Svenskt Stål aktiebolag (SSAB), a Nordic manufacturer of commercial steel, has announced plans to cut 270 positions at its sites in Borlänge and Virsbo in Sweden.

220 jobs will be cut in Borlänge due to relocalisation of the production to Finland and other sites in Sweden, and 50 jobs are to be cut at the Virsbo site as the company's production of line pipes is being discontinued. The cutbacks are a consequence of the merger in 2014 with Finnish company Ruukki, which initially led to around 900 people being made redundant in Sweden, Finland and Romania.

For previous cases of restructuring at SSAB, see the following ERM-factsheets: 2012a, 2012b, 2012c and 2008.