Sweden-based steel maker SSAB is planning a possible closure of its steel tube factory in Lappohja, Finland, with 115 employees, the company said on Monday.

SSAB said it would focus on its other tube manufacturing sites in Finland and renew their production lines. Steel tubes are used in construction, machine engineering, automotive industry and furniture.

“Co-operation negotiations will be started at Lappohja factory regarding possible workforce reduction.. the result of the negotiations might be to close the factory,” SSAB said in a statement.

Source: reuters.com