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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.
| 5 Nov 2008 |
| SKF consolidates its North American automotive seals manufacturing | 27 Oct 2008 |
| SKF Nine-month report 2008 | 16 Oct 2008 |
| Nomination Committee of AB SKF for the Annual General Meeting 2009 | 26 Sept 2008 |
| SKF gained an order from Skoda Electric a.s. for Prague's new low floor tramway | 23 Sept 2008 |