Ruukki Construction to Reduce Up to 200 Jobs

Ruukki Construction, a steel-based building products company, plans to adjust its operations and cost structure, which could result in the reduction of approximately 200 positions by the end of 2023. However, it is not yet possible to estimate how many jobs will be lost in Finland. In the past, Ruukki Construction has undergone similar restructuring plans that resulted in job losses. For example, in 2015, the company completed negotiations to reduce its workforce in Finland, which resulted in 61 employees losing their jobs.

Additionally, in 2015, the Swedish steel conglomerate SSAB, which owns Ruukki Construction, announced restructuring plans that could result in the loss of up to 295 jobs. However, it is not yet known how many jobs will be lost in Finland due to the current restructuring plans.

the reason behind Ruukki Construction’s job cuts is due to the company’s plan to adjust its operations and cost structure. This is likely due to weak demand in the construction industry. The restructuring plans are expected to result in the reduction of approximately 200 positions by the end of 2023 in Ruukki’s operating countries. However, it is not yet possible to estimate how many jobs will be lost in Finland. In the past, Ruukki Construction has undergone similar restructuring plans that resulted in job losses.