Monday, January 12, 2009
Swedish engineering firm Alfa Laval says it is going to cut 1,000 jobs worldwide to save money. The firm said that demand for its products and services is falling, particularly in Eastern Europe and Asia as the economic downturn hits.The company, which employs around 12,000 people, said that 300 of the positions being cut are in Sweden. Alfa Laval said the job cuts would save the company 400m Swedish crowns ($50m; £33m) annually. It said that customer orders totalled 6.2bn Swedish crowns in the fourth quarter, down 6% compared with the same period of 2007.
Posted by ΙΩΑΝΝΗΣ ΠΑΝΑΡΕΤΟΣ at 2:35 am