Saturday, September 05, 2015

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

Acquistions from the buyer's perspective

Jim Huston’s summer brainstorming session focused on the ups and downs of buying companies and also included an inside look at one of L&L’s Top 100 companies.

JDL acquires Tieco

The irrigation company has six locations in Alabama and Florida.

Take stock of seeds

Grass prices have stabilized and should stay steady.

Fungicide receives federal registration

Kabuto Fungicide SC is for preventative and curative dollar spot control.

TruGreen acquires Boston company

Noon Turf Care is now part of the lawn care giant.

x