Sandvik is continuously looking at ways to strengthen operational efficiency and resilience and have now decided to implement a new program of restructuring measures, supporting the strategy and the financial targets of the Group.
The new measures include consolidation of productions units and optimizing the structure of the organization. The measures are group-wide and global.
The program will generate annual savings of about
"We are always reviewing options to improve our operational efficiency and enhance the resilience of the company. Driving efficiency in various ways also becomes important in times of macro-economic uncertainty. These initiatives will make us more resilient as well as further improve our ability to capture the growth opportunities ahead," says
Costs related to the restructuring are expected to amount to
BSEK | SMM | SMR | SRP | Total |
Costs | 1.4 | 0.5 | 0.5 | 2.4 |
Savings | 0.7 | 0.4 | 0.1 | 1.2 |
Of the total
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Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2022 the Group had approximately 40,000 employees and revenues of about 112 billion SEK in about 150 countries within continuing operations.
https://news.cision.com/sandvik/r/sandvik-implements-restructuring-program-to-continue-strengthen-operational-efficiency,c3915128
https://mb.cision.com/Main/208/3915128/2561791.pdf
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