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Article: Defense firm Saab to lay off 370 staff in Sweden
- Article from:
- AP Worldstream
- Article date:
- June 2, 2009
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Swedish aerospace and defense company Saab AB on Tuesday said it will lay off 370 office staff at its Saab Bofors Dynamics unit in Sweden.
The company said staff in the central Swedish cities of Karlskoga, Eskilstuna and Linkoping, as well as in southwestern Goteborg will be affected by the layoffs.
The redundancies will be implemented between 2009 and 2011 and are part of a long-term restructuring process, initiated as a result of declining orders ...