Saab serves notice of 370 redundancies in Karlskoga, Eskilstuna, Linköping and Göteborg

Saab serves notice of 370 redundancies in Karlskoga, Eskilstuna, Linköping and
Göteborg

As part of a long-term strategic adjustment to changing market conditions, the
operations within Saab Bofors Dynamics AB are to be reorganised. This results in
Saab serving notice of 370 redundancies at four business locations. Only office
personnel will be affected.

The Swedish government's changed direction regarding materiel spending means
that Saab does not presently see any new major development projects from the
Swedish Armed Forces within Saab Bofors Dynamics' area of business. This has led
to a reorganisation which involves Saab giving notice of 370 redundancies among
office personnel. The reorganisation will lead to a reduced but more focused
development organisation and a continued targeted focus on sales, production and
maintenance. The new organisation will continue to engage approximately 30
percent of employees in development. Approximately 1,300 people work within Saab
Bofors Dynamics at present.

"This restructuring is necessary in order to adapt the business to the changing
market situation in the long-term. We will now carefully be implementing the
reorganisation and the redundancies together with the union organisations, with
regard to both individual employees and the business," says Saab CEO Åke
Svensson.

Operations at the following four localities are affected (the number of
positions affected by the redundancies are shown in brackets): Karlskoga (148),
Eskilstuna (84), Linköping (115) and Göteborg (23). Redundancies will be made
during the period 2009-2011. The Employment Services in the counties concerned
have been informed and dialogue with the trade unions concerned have begun. 

The total structural costs are estimated at approximately MSEK 200 and include
both the costs of staff reductions and other costs incurred in connection with
the reorganisation. The cost is expected to mainly affect the results during the
fourth quarter of 2009. 

Saab is conducting a review across of all its operations and further reductions
cannot be excluded. 



Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers' changing needs.

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018

www.saabgroup.com


The information is that which Saab AB is required to declare by the Securities
Business Act and/or the Financial instruments Trading Act. The information was
submitted for publication on June 2 at 08.30.