VARNAMO, Sweden, April 2, 2003 (PRIMEZONE) -- Finnveden today announced notices of termination involving a total of 65 employees in the Sheet Metal Components business area.
The notices pertain to indirect personnel within the business area and are part of measures to increase operational efficiency. Personnel directly involved in production are not affected.
Negotiations in accordance with the Co-determination Act will be initiated with the affected trade unions.
Finnveden AB (publ) For further information, please call: Tommy Boork, CEO +46 31 734 59 10
Finnveden is an international engineering group, with strong market positions in the automotive industry. Products include fasteners, engine components and sheet-metal components. Finnveden is listed on Stockholmsborsen (Stockholm Exchange) and has annual sales of about SEK 4.5 billion, with 3,500 employees. Additional information is available at Finnveden's website: www.finnveden.se
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/02/20030402BIT01190/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/02/20030402BIT01190/wkr0002.pdf