Feb 8, 2015
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The world's biggest producer of ball bearings SKF announced massive job cuts even though its net profits soared fivefold in 2014.
The world's biggest producer of ball bearings SKF announced massive job cuts even though its net profits soared fivefold in 2014. The Gothenburg-based company - which employs worldwide 48,600 people - believes the cost-cutting measures will yield a 7.5% productivity improvement over the coming two years.
English: http://www.thelocal.se/20150128/huge-cuts-at-sfk-gothenburg
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.