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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.
| 21 Jun 2007 |
| SKF changes its reporting date for the first half-year 2007 | 11 Jun 2007 |
| SKF and Aker Kvaerner sign partnership for Condition Based Maintenance in oil and gas Industry | 11 Jun 2007 |
| SKF invests in new factory for large bearings in India | 7 Jun 2007 |
| SKF files to deregister from SEC, USA | 4 Jun 2007 |