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Husqvarna to cut 600 jobs

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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.

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