In the spring, SSAB completed employer-employee negotiations concerning temporary layoffs in its Finnish operations following weakened market conditions as a result of the Covid-19 pandemic. The negotiations resulted in temporary layoffs averaging three weeks in April-June. Since economic conditions and demand on the steel market continue to weaken, there will be a similar need for temporary layoffs of at least as long in July-September.
When times are tough, we should take care of one another. There are several initiatives under way within SSAB to lend a hand in different ways during the crisis that has been caused by the coronavirus.