Skip to content
- The International Construction Costs Index published by Arcadis, analyses the relative costs of construction across 44 major cities, and also shows a crucial imbalance in London’s expensive construction market.
- London is the most expensive city in Europe and the second most expensive city worldwide in which to build, according to an index from a global design and consultancy business.
- At the other end the least expensive cities for construction are Taipei, Bangalore, Bangkok, Kula Lumpur, Ho Chi Min, Bucharest, Prague, Sarajevo, Sofia and Jakarta.
- Overall the top city is New York, with Hong Kong in third place followed by Geneva and Macau.
- Cost premiums in the top cities range from 40% to 60% in comparison with other European counterparts.
- SSAB is to initiate employer-employee negotiations regarding a potential reduction in the workforce at SSAB Europe division’s production site in Raahe and in the Ruukki Construction division.
- SSAB Europe has responsibility for strip, plate and tubular products in Europe, and global profit responsibility for the Automotive segment.
- The negotiations will affect around 2,900 employees in Finland and there is a need to reduce the workforce by a maximum of 295 persons.
- The negotiations at the Raahe site affect the entire personnel, 2,455 persons: all employees in production and support functions at SSAB Europe, SSAB Special Steels and group functions.
- The negotiations at Ruukki Construction aim to reduce costs by a total of at least SEK 200 million on a permanent annual basis.