|[September 02, 2013]
Saab Announces Efficiency Measures within Business Area Dynamics, Karlskoga, Sweden
LINKÖPING, Sweden --(Business Wire)--
Defence and security company Saab is today initiating union negotiations
to reduce the workforce within Business Area Dynamics. The redundancy
notice affects 70 positions within the production unit in Karlskoga,
Sweden, and is a result of lower activity and a decline in global
Earlier this year in connection with the January-June 2013 interim
report released on July 19, Saab announced measures would be taken to
increase efficiency during 2013. The redundancy notice in Karlskoga
today aims to help create the prerequisites for Saab to achieve its long
term targets. The costs are not expected to be material for the Group.
"Budget constrains in sveral countries affect all defence and security
companies, including Saab. Meanwhile we saw an increase in order
bookings in four out of six business areas during the first half of
2013. For us to remain one of the most cost effective companies in the
industry, we must continuously adjust our operations", says Görgen
Johansson, Senior Vice President Business Area Dynamics.
"As an employer we take responsibility for our employees and will
support those affected", adds Görgen Johansson.
Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adopts and improves new technology to meet customers' changing needs.
Saab operates with approximately 11 000 employees in more than 40 sites
The information is that which Saab AB is required to declare by the
Securities Business Act and/or the Financial instruments Trading Act.
The information was submitted for publication on September 2 at 09.05.
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