Article: Saab Serves Notice of 370 Redundancies in Karlskoga, Eskilstuna, Linkoping and Goteborg.

STOCKHOLM -- Regulatory News:

Saab (STO:SAABB):

As part of a long-term strategic adjustment to changing market conditions, the operations within Saab Bofors Dynamics AB are to be reorganised. This results in Saab serving notice of 370 redundancies at four business locations. Only office personnel will be affected.

The Swedish government's changed direction regarding materiel spending means that Saab does not presently see any new major development projects from the Swedish Armed Forces within Saab Bofors Dynamics' area of business. This has led to a reorganisation which involves Saab giving notice of 370 redundancies among office personnel. The ...

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