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25 Sep

SSAB considers cutbacks at Raahe

SSAB announces that its Finnish business unit is in cost-cutting negotiations, potentially to reduce its workforce, in Raahe because of continued weak demand. The objective is to structurally reduce fixed costs by at least €10 million ($11m) on an annual basis, the steelmaker tells Kallanish. The negotiations will discuss alternatives to increase flexibility in operations and adjust to weakened demand, while taking account of future needs. ”The aim is …
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Christian Koehl  |  Germany
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