latest news releases from the newsroom
New Head of Human Resources at Sandvik AB
SANDVIKEN, Sweden, June 10, 2003 (PRIMEZONE) -- Carina Malmgren Heander has been appointed Senior Vice President Human Resources and member of Group Executive Management at Sandvik AB. The appointment becomes effective from 1 October 2003.
TDC Effectuates First Phase of Redundancy Program
Koebenhavn, Denmark, June 10, 2003 (PRIMEZONE) -- TDC (NYSE:TLD) (Other OTC:TDCAF) announced its decision to reduce the domestic workforce by 1.650 employees or 10% in the period until end of 1Q 2004.Consequently, TDC has now agreed with 961 employees that they will leave the company voluntarily before the end of 2003. Another 219 employees will be notified of the termination of their service with the company and they will also leave the company before the end of 2003.
The SAS Group Traffic Figures -- May 2003
STOCKHOLM, Sweden, June 10, 2003 (PRIMEZONE) -- The SAS Group (Other OTC:SASDF):- The SAS Group transported a total of 2,7 million passengers in May 2003 vs 2,9 million in 2002, a decrease of 7,8%.
Autoliv Opens New Plant in Malaysia
STOCKHOLM, Sweden, June 10, 2003 (PRIMEZONE) -- Autoliv Inc., (NYSE:ALV) the worldwide leader in automotive safety systems, has opened a new, larger plant in Malaysia on back of a 25% sales increase last year.
Akzo Nobel Launches New Business
ARNHEM, The Netherlands, June 10, 2003 (PRIMEZONE) -- Akzo Nobel (Nasdaq:AKZOY) has launched a new business which manages the repair cycle of a car from the moment it is damaged until such time that it is ready to be returned to the owner. Called Nobilas, the company provides repair, accident and claim management services whilst enabling partnerships between Akzo Nobel and international motor insurance and leasing companies, as well as fleet owners worldwide.
OM Strengthens Business Support Functions
STOCKHOLM, Sweden, June 10, 2003 (PRIMEZONE) -- As a part of OM's (Other OTC:OMGPF) ongoing organizational change process, OM's central business support functions are being organized into three units: Finance, Marketing & Communications and Staff Functions. The changes aim to take better advantage of organizational synergy effects and support Stockholmsborsen and OM Technology more effectively.
Industriforvaltnings AB Kinnevik: Refinancing of Metro International S.A.
STOCKHOLM, Sweden, June 10, 2003 (PRIMEZONE) -- Industriforvaltnings AB Kinnevik ("Kinnevik") (Nasdaq:KVIKA) (Nasdaq:KVIKB), today announced that it is to convert its total long-term interest-bearing loan to Metro International S.A. ("Metro") into Metro shares. Kinnevik is also fully underwriting a SEK 252 million rights issue by Metro.