Finland-based steelmaker
Ruukki has announced that it will initiate employer-employee negotiations to improve the efficiency of its steel business, estimating that 250 job cuts are needed.
The negotiations will affect most of
Ruukki's production organization in
Finland, which means a total of around 3,500 employees. The Raahe Works and Hämeenlinna Works are the largest units to be affected by these negotiations. In addition, employer-employee negotiations concerning lay-offs of the entire personnel will be initiated at the Kankaanpää and Pulkkila sites in
Finland.
According to
Ruukki's statement, the negotiations seek savings totaling around €10 million in annual costs and it is estimated that the cost cuts will be achieved in full during the second and third quarters of 2013.