SAAB reduced working hours for 500 employees because of Covid-19

STOCKHOLM, (BM) – Saab has today made the decision to introduce reduced working hours for 500 employees at the business unit Aerostructures within the business area Industrial Product and Services (IPS), learned BulgarianMilitary.com according SAAB’ statement.

Read more: 24/7 BulgarianMilitary.com – All about coronavirus COVID-19 in the army and military departments around the World.

A majority of these employees will work 60 percent of their regular hours. The agreement is valid from April 14.

This far, the impact of COVID-19 on Saab has been low, given the company’s large order backlog and business model with long-term commitments. Saab’s business unit Aerostructures supplies products to the civil aviation industry, which has been affected considerably by the effects of COVID-19.

COVID-19 effects the business unit Aerostructures in the form of reduced demand and disruptions in the supply chain, and therefore Saab now adjusts the business to the external circumstances. The existing contracts and commitments are ensured with the revised staffing level.

“The Corona pandemic creates great uncertainty in the civil aviation industry, where both suppliers and customers temporarily close their facilities. Therefore, it is a matter of course for Saab to review the operations and ensure a quick transition to the new conditions. With this we also maintain the competence and capacity that will enable future growth”, says Jessica Öberg, head of Saab’s business area IPS.

In addition to this, Saab’s wholly-owned technical consulting company Combitech, which is a business unit within IPS, had earlier reduced the hours of 120 people, as a result of several Swedish industries reducing their production levels.

***

Follow us everywhere and at any time. BulgarianMilitary.com has responsive design and you can open the page from any computer, mobile devices or web browsers. For more up-to-date news from us, follow our YouTube, Reddit, LinkedIn, Twitter and Facebook pages. Do not miss the chance to subscribe to our newsletter. Subscribe and read our stories in News360App in AppStore or GooglePlay or in FeedlyApp in AppStore or GooglePlay

Subscribe to Google News

>>Be a reporter: Write and send your article.<<

BulgarianMilitary.com
Editorial team

DO YOU EVALUATE OUR REPORTING? WE NEED YOUR SUPPORT.

Dear reader,

BulgarianMilitary.com continues to be an objective and expert source of information in defense industry, military-political relations and military conflicts around the world.

Now more than ever, we need free and independent journalism. We believe that information shouldn't be behind a paid wall and we will continue to commit to keeping it free.

We know that our readers appreciate the content of BulgarianMilitary.com. In the last year, the indicators on our page have doubled. At the same time, the support of readers in the form of recurring monthly financial contributions provides continuous support for our work, which allows us to innovate.

We are more confident than ever in our role bridging media, policy, and the public. We thank you for your support.

Your recurring monthly financial contributions help us innovate for the future. Please, consider making a recurring contribution to BulgarianMilitary.com.