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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.
| 2 Feb 2023 |
| SKF Nine-month report 2022: Strong organic sales growth; severe cost inflation impacting results | 25 Oct 2022 |
| SKF Half-year report 2022: Solid growth and increasing price realization helping to mitigate high cost inflation | 20 Jul 2022 |
| SKF First-quarter report 2022: Strong growth with improved industrial margin | 26 Apr 2022 |
| SKF Annual Report 2021 is published online | 2 Mar 2022 |