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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.
| 26 Jun 2008 |
| SKF builds railway bearing plant in Tver, Russia | 13 Jun 2008 |
| SKF announces change in the total number of shares and votes in the company 30 May 2008 | 30 May 2008 |
| SKF invests in China Dalian factory capacity to be redoubled | 22 May 2008 |
| SKF First-quarter report 2008 | 16 Apr 2008 |