Market Overview

SKF Cutting 2,500 Jobs

The strategy and the long-term financial targets which were launched by
the SKF Group (OTC: SKFRY) in 2010 were based on initiatives for profitable growth
and cost reductions in the business. Based on today's more challenging
business environment the SKF Group has decided to expand and accelerate
the programme for cost reduction activities aiming at reducing its
annual cost by SEK 3 billion by the end of 2015.

The cornerstones of the programme for cost reduction activities are:

consolidation of production between sites

See full press release

Posted-In: News Guidance Management Global

 

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