STOCKHOLM, June 30 (Reuters) - SKF , the world's biggest bearings maker, said on Tuesday it was taking further actions to adapt its production to a lower demand. The Swedish firm said in a statement the measures would affect around 900 employees globally, and that it would take restructuring charges of around 700 million Swedish crowns ($89.4 million). The company, which will close a factory in Fontenay-le-Comte in France, said the savings from the actions would amount 300 million crowns ...
Premium Content (PAID Subscription Required)
"SKF to cut more jobs, costs as downturn bites" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.