(Adds details, background, share price) STOCKHOLM, Dec 21 (Reuters) - Sweden's SKF , the world's biggest bearings maker, said on Thursday it would take new measures to cut costs and planned to shed 1,000 jobs. SKF said in a statement the steps, which included the previously announced closure of a plant in South Africa, would cost around 400 million Swedish crowns ($59 million) and generate annual savings of around 160 million. "The different activities, that will run during 2007 and ...
Premium Content (PAID Subscription Required)
"UPDATE 1-SKF says cutting costs to save 160 mln crowns/yr" 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: firstname.lastname@example.org or phone: (248) 799-2642