In 2019,
In 2019, SSM adopted a new five-year business plan focused on rental projects and selected cooperative apartment projects. The company has gradually adjusted the project portfolio based on this change of focus.
As a result of the ongoing adaptations, SSM also needs to adapt its organization and intends to reduce the number of employees working within its sales and marketing department, which today includes 8 employees.
· SSM is continuing to adapt its operations to focus on rental projects and selected cooperative apartment projects. In the next years, SSM's main ambition is to be an active developer of space-efficient rental projects with a high Urban Score[TM], says
The adaptation is expected to contribute annual costs savings of 6.5 MSEK and restructuring costs are expected to have a 3.3 MSEK impact on Q2 2020.
In addition to the adaptation mentioned above, the Covid-19 pandemic has impacted the company's projects under development and consequently, SSM intends to introduce short-term work programme for parts of its staff. See www.tillvaxtverket.se for more information about short-term work programme.
SSM has called for union negotiations regarding the planned changes.
The information in this press release is such, which
For more information, please contact:
Phone: +46 761 65 17 71
Email: ann-charlotte.johansson@ssmliving.se
Twitter: @anncharlotteSSM
About
SSM produces smart, affordable homes with attractive shared spaces close to public transport and the city center for its target group - tomorrow's urbanites. SSM envisions a housing market for as many people as possible and today, the company is the leading property developer in its niche within the
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