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Saab Bofors Dynamics AB to shed 80 people in Karlskoga

Saab Bofors Dynamics AB to shed 80 people in Karlskoga Due to a reduced workload at the development unit in Karlskoga, the company has today given notice to the County Employment Board in Örebro regarding 80 employees. "Naturally this is a painful decision to make, but we have to dimension our resources in line with the reduced workload we are facing. We are coming to the end of two major development programs, Bamse and Taurus, and over the past two years we have received very little study and development work," says Ingemar Andersson, President of Saab Bofors Dynamics AB. Saab Bofors Dynamics has approximately 700 employees in Karlskoga, 320 of whom are employed in the development unit. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The Group covers a broad spectrum of competence and capability in systems integration. For further information please contact: Anders Florenius, Head of Communications, Saab Bofors Dynamics Tel: +46 (0)586-812230, +46 (0)70-5823230 www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/10/01/20030930BIT00670/wkr0001.doc http://www.waymaker.net/bitonline/2003/10/01/20030930BIT00670/wkr0002.pdf