During the year, Suzuki Garphyttan has seen a gradual deterioration of the European market, which has affected the demand for the company's products.
- It is always difficult to be faced with having to cut costs, says Ad Raatgeep, CEO. The signals we get from the market are that the decline will continue for some time, but we hope and believe that there will be a market recovery. However, exactly when this happens is difficult to predict.
Despite current downturn, Suzuki Garphyttan still believes in the future.
- We believe in the future and the development journey that we started together a few years ago, Ad says. The work to broaden the business and find new products in new industries continues despite the adversity we are experiencing right now. Broadening the business and developing new products and applications takes time, but we have several good development projects underway.
After the announced layoffs, it is time for planning and collaboration together with the labor unions and this process is estimated to last between 1-3 months. The employees affected are offered various forms of support during the process.
For more information
Ad Raatgeep, VD and CEO, +46 (0) 70-143 45 17, ad.raatgeep@sg-wire.com
Henrik Pettersson, Site Manager, +46 (0) 70-559 52 16, henrik.pettersson@sg-wire.com
