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Swedish bearings maker SKF on Tuesday detailed its strategy to separate its industrial and automotive businesses, a move that will involve restructuring and separation charges totaling 6.5 billion Swedish kronor.
Swedish bearings maker SKF said Wednesday that costs related to the planned spin-off of its automotive business hit its third-quarter cash flow.
Swedish bearings maker SKF said Friday it will cut a net 1,200 jobs, primarily staff positions in Europe, as part of a plan to improve the competitiveness of its industrial business.
| 18 Jul 2012 |
| SKF sees slightly weaker volume development in the second quarter and will reduce costs in Europe | 13 Jun 2012 |
| Aktiebolaget SKF | 31 May 2012 |
| SKF First-quarter report 2012 | 19 Apr 2012 |
| SKF Year-end report 2011 | 26 Jan 2012 |