UPDATE 1-Sweden's Trelleborg to cut jobs in auto unit

Newswire

(Adds details, share price) STOCKHOLM, Nov 27 (Reuters) - Swedish engineering firm Trelleborg said on Monday it is to restructure its loss-making automotive unit at a pretax cost of about 875 million crowns ($127 million). Trelleborg said in a statement it would transfer production from western to eastern Europe and that about 400 million crowns of the total cost before tax would affect cash flow in 2007 and 2008. "The measures are expected to have a payback time affecting cash flow of ...

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