The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
450 jobs Number of planned job losses
Announcement Date
11 October 2012
Employment effect (start)
Foreseen end date
Description
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.
Sources
11 October 2012: Svenska Dagbladet
Citation
Eurofound (2012), SSAB, Internal restructuring in Sweden, factsheet number 74287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74287.
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