The wood industry company Setra Group has announced a production adjustment at its sawmill in Hasselfors, Sweden. The decision means that 50 employees will be given notice of termination, adjustments on both the blue-collar and white-collar sides. Implementation period is four months.

The background to the decision is the continued weak global construction market and economic uncertainty, which affects the ability to set relevant prices in relation to the current cost base.

"We are committed to carrying out the process with a strong focus on our employees, while ensuring that Hasselfors is well-prepared for the future. The situation could change if the timber market shifts rapidly and significantly. Factors such as the economic climate, global conditions, supply, prices, currency fluctuations, and the pace of global construction all interact and influence in various ways," says Marcus Westdahl, CEO and Group President of Setra Group.

Setra is one of Sweden's largest wood industry companies.