Wednesday, April 23, 2014

Home News Husqvarna to cut 600 jobs

Husqvarna to cut 600 jobs

Supplier News

Half of the job losses will occur in Sweden.

Bloomberg | November 7, 2012

Husqvarna plans to cut about 600 jobs in a move that will save 220 million kronor ($33 million) a year by 2014.

“The proposed measures aim to improve efficiency, reduce the fixed cost base and further increase flexibility,” Chief Executive Officer Hans Linnarson said in a statement.

Almost half the job losses will come in Sweden, mainly in Huskvarna, where the company is based, it said. The cuts will be carried out during the first six months of next year after negotiations with unions. The cuts will cost about 250 million kronor to implement, which will be charged to fourth-quarter operating income, the company said.

For the rest of the story, click here.

Top news

The Death Book

Sure, it’s morbid. But it’s essential. Create an instruction manual for your company in the event of your untimely demise.

An anti-complacency culture

Employees at Capstone Landscape Management are pumped – and the company is primed for growth. Why? There’s no opportunity to get stale.

Cat's Built For It trials

Five of Cat's machines go head-to-head with a stack of blocks in this video.

Morbark increases safety emphasis

The ChipSafe shield and training requirements are designed to increase brush chipper safety.

PGMS accepting Green Star applications

Professional Grounds Management unveils new system for submissions.