Sandvik implements restructuring program to continue to strengthen operational efficiency
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The new measures include consolidation of productions units and optimizing the structure of the organization. The measures are group-wide and global.
The program will generate annual savings of about
"We are always reviewing options to improve our operational efficiency and enhance the resilience of the company. Driving efficiency in various ways also becomes important in times of macro-economic uncertainty. These initiatives will make us more resilient as well as further improve our ability to capture the growth opportunities ahead," says Stefan Widing, President and CEO of Sandvik.
Costs related to the restructuring are expected to amount to
BSEK |
SMM |
SMR |
SRP |
Total |
Costs |
1.4 |
0.5 |
0.5 |
2.4
|
Savings |
0.7 |
0.4 |
0.1 |
1.2
|
Of the total SEK 2.4 billion, approximately
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
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Sandvik implements restructuring program to continue strengthen operational efficiency |
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SOURCE Sandvik