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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.
| 31 Jan 2008 |
| SKF's acquisition of leading magnetic bearing company now closed | 21 Dec 2007 |
| SKF to build factory in Russia for railway bearings | 20 Dec 2007 |
| SKF continues to streamline production and improve efficiency | 18 Dec 2007 |
| SKF and GE Aviation enter into a partnership | 7 Dec 2007 |