Saab Bofors to shed 370 white collar workers

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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Turkey forms ‘permanent committee’ to assess Swedish Nato deal

Turkey on Thursday said a new "permanent committee" would meet Finnish and Swedish officials in August to assess if the two nations are complying with Ankara's conditions to ratify their Nato membership bids.

Turkey forms 'permanent committee' to assess Swedish Nato deal

Finland and Sweden dropped their history of military non-alignment and announced plans to join Nato after Russia invaded Ukraine at the end of
February. All 30 Nato members must ratify the accession.

Nato member Turkey has demanded the extradition of dozens of suspected “terrorists” from both countries under an accession deal the three signed last month.

Turkish President Recep Tayyip Erdogan has threatened to “freeze” the process over Sweden and Finland’s failure to extradite the suspects.

He accuses them of providing a haven for outlawed Kurdish militants. “If these countries are not implementing the points included in the
memorandum that we signed, we will not ratify the accession protocol,” Foreign Minister Mevlut Cavusoglu reaffirmed in a televised interview.

He said the committee would meet in August but provided no details.Turkey’s parliament has broken for its summer recess and will not be able
to hold a ratification vote before October. Some Turkish officials have warned that the process may drag out until next year.