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Sweden's SKF bearing production giant profits dropped


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Sweden's SKF bearing production giant profits dropped

Swedish bearings company SKF manufacturing giant's most recent Quarterly Display: by the order reduction and restructuring costs and other factors affecting the company's second-quarter revenue this year, 77% of its 4-6 month net profit 314 million crowns, while 1.34 billion in same period last year crowns. Anticipated market demand for three-quarter will not be improved. SKF company from the third quarter of 2008, has been implemented for its 3800 employees a pay cut this year, in June, claimed that its right in Sweden, France, Finland, Britain and India, the company laid off 900. At present the company's number of employees approximately 42,000 people worldwide.

 

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Author:mosbearing   2009-9-18   Source:    View(699)     Comment(0)

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