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Saab Bofors to shed 370 white collar workers

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14:45 CEST+02:00
Swedish defence company Saab announced plans on Tuesday to lay off 370 employees at four different plants located around the country.

According to the company, the Swedish government's defence policies are partially to blame for the redundancies.

Specifically, the layoffs, which will take place within Saab Bofors Dynamics AB, are a function of “changing market conditions”, the company said in a statement.

Only white collar workers will be affected by the move, which will eliminate jobs at three plants in central Sweden, and one outside Gothenburg in western Sweden.

Overall, 23 workers will be laid off in Gothenburg, with 148 jobs set for elimination from the factory in Karlskoga, 84 in Eskilstuna, and 115 in Linköping.

"This restructuring is necessary in order to adapt the business to the changing market situation in the long-term. We will now carefully be implementing the reorganization and the redundancies together with the union organizations, with regard to both individual employees and the business," said Saab CEO Åke Svensson in a statement.

The announcement also cited the Swedish government's “changed direction regarding materiel spending” as one reason why the company “does not presently see any new major development projects from the Swedish Armed Forces within Saab Bofors Dynamics' area of business.”

The Swedish government's policies regarding defence materiel procurement is now focused on developing new systems, tailored for Swedish needs, together with industry, rather than purchasing finished solutions “off the shelf”.

Today, Saab Bofors Dynamics employs 1,300 workers.

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