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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.
| 30 Jun 2020 |
| SKF First quarter report 2020: Continuing to deliver strong results and cash flow | 23 Apr 2020 |
| AB SKF’s Board of Directors proposes changed dividend | 23 Mar 2020 |
| SKF takes steps to reduce impact of initiatives from authorities and customers | 19 Mar 2020 |
| SKF Annual Report 2019 published | 4 Mar 2020 |