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Saab AB Announces Restructuring; to Cut Jobs


Tuesday, 19 Nov 2013 10:42am EST 

Saab AB announced that it is to reduce its headcount by approximately 50 employees within business area Support and Services. The restructuring measures will affect approximately another 50 employees within the business area. The measures affect several sites in Sweden, primarily Ostersund, Nykoping and Linkoping and are the result of the weaker market situation. This will be done through restructuring and individual programs. In connection with the half-year report released on July 19, 2013 the Company announced that measures would be taken to increase efficiency during 2013. During the year business area Support and Services has experienced lower business volumes. This is the result of lower activity on the defense market and a decline in global defense spending. 

Company Quote

179.5
-2.4 -1.32%
19 Sep 2014