Tag: Stockholm

London has most expensive construction costs in Europe, second in the world



  • 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.


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SSAB to Initiate Negotiations to Reduce Workforce in Finland



  • 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.


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