STOCKHOLM Nov 7 Garden equipment maker
Husqvarna said on Wednesday it would cut around 600
staff as it looks to offset flagging demand.
The company said new efficiency measures would reduce annual
costs by 220 million crowns ($32.85 million) with full effect in
2014. The company will take a roughly 250 million crown charge
in the fourth quarter.
Around half the redundancies will come in Sweden.
In October, the company announced t would focus on cutting
costs as global economic uncertainty and sagging demand is seen
stretching into next year.
($1 = 6.6978 Swedish crowns)
(Reporting by Simon Johnson)