Reuters reported that Swedish specialty steel maker SSAB AB would reduce staff at its production plants in Sweden due to the market conditions.

Ms Ulrika Lilja, SSAB's head of external communications, said that "We are going to reduce consultants and temporary employees at all the production sites in Sweden. How many concerned and the timing is not entirely clear, so we'll get back to that in the middle of next week."

She added that "This of course is due to the uncertain situation which we described in connection with the third quarter report which continues to prevail. Now we are starting to look at temporary employees as a result of the market conditions."

(Sourced from www.reuters.com)