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Rickard Gustafson

Rickard Gustafson

SKF to Lay Off 1,700 Employees in Europe for Cost Savings

Bearings manufacturer SKF has decided to reduce the workforce, mainly in the European operations. We have a program that unfortunately will mean that 1,700 positions will disappear from the Group, says CEO Rickard Gustafson.
SKF to Lay Off 1,700 Employees in Europe for Cost Savings

SKF CEO: Tariffs Impacting Economic Growth and Demand

The bearing manufacturer SKF exceeded profit expectations in the first quarter, despite continued headwinds in sales. What awaits ahead is difficult to determine, according to CEO Rickard Gustafson.
SKF CEO: Tariffs Impacting Economic Growth and Demand

SKF sells aircraft business for 220 million dollars

The industrial giant SKF has decided to sell its aircraft business that "does not belong to the core business" for 220 million dollars, equivalent to 2. 3 billion kronor, the company writes in a press release.
SKF sells aircraft business for 220 million dollars
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