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Workforce Cuts at Saab?s Link?ping Facility

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: 20 January, 2010  (Company News)
Saab is reducing its workforce at it’s Linköping manufacturing location by 115 workers after disappointing market conditions during the last two years
As a result of continued streamlining measures and synergies within the Aeronautics business area, the defence and security company Saab is to serve notice to 115 factory employees at Saab AB in Linköping.

The reason for this notice is that profitability within Aeronautics for both commercial and military activities has been low during 2008 and up to quarter 3 last year, compared with historical levels, thus calling for further streamlining measures. The notice affects aviation related operations in Linköping and applies to the Aeronautics and Support and Services business areas, which are part of the same selection category.

Information about the notice has been submitted to the Swedish Public Employment Service. Negotiations with the trade unions will begin shortly.

'We are constantly reviewing operations in order to increase profitability and be a competitive company. It is regrettable that we now have to let employees go, but unfortunately it is unavoidable,' says Lennart Sindahl, business area manager for Aeronautics at Saab.

Saab's ability to supply high-tech products to the civil and military aviation industry will not be negatively affected by this.

The structural costs are calculated at approximately SEK 30 million, the majority of which will be recorded during 2010.
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