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Haldex AB Initiates Restructuring Program Including Headcount Reduction


Tuesday, 21 May 2013 02:30am EDT 

Haldex AB announced that the Company has initiated a restructuring program focusing on consolidation of key processes and functions, optimization of Sales and G&A costs, transformation of the European footprint and product rationalizations. The program also includes asset write-downs of SEK 98 million, relating to foot print transformation and product rationalization. The total cost of the program will be SEK 250 million with a cash effect in the range of SEK 150 million, and will be rolled out from May 2013 until 2015, and includes a headcount reduction of more than 200 employees as well as other operating cost reductions. 

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