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February 14, 2012
Husqvarna slashes staff in Sweden as profits fall
Published: 23 Oct 09 10:49 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/22832/20091023/
Swedish outdoor power products manufacturer Husqvarna has responded to a third quarter drop in profits by announcing the closure of factories in Sweden and the USA.
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The changes to the firm's structure will result in the loss of 200 jobs in Sweden and impact a total of 1,200 jobs within the concern worldwide.
Husqvarna plans also to consolidate its sales organisation in Europe and Asia as well as the Pacific rim area, the company explained in a statement in connection with the publication of its third quarter figures on Friday.
The workforce at Husqvarna's plants in China and Poland will be increased and thus the net job losses will come in at 400.
The programme of cuts announced by the firm include the closure of the so-called Rider factory in Huskvarna in south-central Sweden, the factory in Tansbyn near Östersund in northern Sweden, and the lawn mower facility in Höör in southern Sweden.
The firm's Spanish production will also be hit with the announcement to concentrate construction sector products manufacture in Ödeshög in south-central Sweden.
The announcement of the cuts comes as the firm, which manufactures lawn-mowers and power tools among other things, reported a drop in profits for the third quarter.
Profits after financial items amounted to 108 million kronor ($15.9 million), in comparison with a profit of 178 million kronor in the corresponding period of 2008.
"Uncertainty over future orders remains as a result of the recession and retailers are expected to retain stocks at a low level," Husqvarna writes, forecasting that deliveries are expected to decline in comparison with the corresponding period of 2008.
CEO Magnus Yngen in the firm's report described the market situation as "significantly weaker" during the third quarter in comparison with the corresponding period of 2008.
The reorganization is forecast to cost the firm around 400 million kronor to complete, of which 59 million kronor will be filed in the report for the fourth quarter 2009.
Once completed the measures are predicted to cut the firm's overheads by 400 million kronor per annum.
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Having our big companies in these countries only hurts the total market.
Too much greed and not enough pride is some of the issues
What you would do? I tell you that we all would do exactly the same.
And this will continue until the Chinese costs will increase at the European level (or, most likely, the 2 costs will meet somewhere in the middle). Which means a total disaster for the European and US quality of life.
Summarising, we will be slowly destroyed by the system we have built. Another alternative is to start a new cold war somewhere and stop the possibility to cooperate with "evil" (and cheap!) countries. Sad and hopeless, indeed.
But isn't that the goal of the New World Order: to create a one-world political and economic union? And the basis of the new one-world system will be the suppression of freedom and the re-institution of slavery.
The affluent will be the slavers, and everyone else will be their slaves.
Property tax forces everyone to be a part of the system, and to be forced to work to pay to live in a dwelling. That is slavery.
Property tax has it's roots from the British in South Africa, when the natives didn't want to work the British levied a property tax which meant the natives had to work to avoid seizure of property.
Property tax enforces slavery.
Henry Ford paid his workers enough to be able to buy a model T.