Press release
28 Oktober 2008
Swedish:
Finnveden Powertrain AB anpassar produktionen - Trollhättan
Med anledning av nedgången inom lastbilsbranschen och osäkerheter i omfattningen av konjunkturavmattningen förbereder Finnveden Powertrain AB att anpassa produktionsvolymerna.
Finnveden Powertrain AB planerar att under 2009 anpassa produktionen till rådande marknadssituation, vilket innebär kapacitetsneddragningar i företagets fabrik i Trollhättan.
Den oroliga marknaden har gjort att bolagets kunder blivit mer avvaktande. Efterfrågan minskar nu och neddragningarna görs för att anpassa produktionen till rådande marknadssituation, säger Jörgen Oldenstedt, VD på Finnveden Powertrain AB.
Neddragningarna görs inte bara för att minska kapaciteten, utan även för att effektivisera produktionen. De planerade kapacitetsneddragningarna medför en personalminskning i Finnveden Powertrain AB:s fabrik i Trollhättan.
Tisdagen den 28 oktober 2008 lägger företaget ett officiellt varsel på 52 personer till arbetsförmedlingen.Våra anställda kommer att bli informerade idag från och med klockan 13.00. Förhandlingar med de fackliga organisationerna kommer att startas upp omgående.
För ytterligare information kontakta:
Jörgen Oldenstedt, VD Finnveden Powertrain AB
Telefon 0705-568033, e-mail: communication@finnvedenpowertrain.com
English:
Finnveden Powertrain AB reduces capacity in production - Trollhättan
In response to the downturn in the truck industry and uncertainties in the negative market development, Finnveden Powertrain AB prepares to adjust the production volumes.
Finnveden Powertrain AB plans in 2009 to adjust the production to the current market situation, which means capacity reductions in the company's factory in Trollhättan.
The unstable market has made the company's customers to become more cautious. The demand is now declining and reductions are being made to bring production to the current market situation, "says Jörgen Oldenstedt, Managing Director of Finnveden Powertrain AB.
Reductions is not only made to reduce capacity, but also to improve efficiency in production. The planned capacity reductions will result in an employee's redundancy at Finnveden Powertrain AB's plant in Trollhättan.
Tuesday October 28, 2008 the company will give an official notice on 52 employees to the employment office. Our employees will be informed today by 13.00 hours. Negotiations with the unions will be started up immediately.
For further information, please contact:
Jörgen Oldenstedt, Managing Director, Finnveden Powertrain AB
Phone: +46 705 56 80 33, e-mail: communication@finnvedenpowertrain.com
26 September 2007
Finnveden Powertrain lays off 27 people at the factory in Alvesta and Powertrain's corporate staff functions in Moheda
Finnveden Powertrain is giving notice to 27 employees in all, 12 of whom are salaried employees. The move affects jobs in the indirect functions at the Alvesta plant including Torpsbruk, and in the corporate staff functions in Moheda.
Powertrain expects to be able to offer several employees continued employment in direct production. Furthermore, employees with a short time left to retirement will be offered the option of early retirement.
A further 20 employees will be laid off at Finnveden Powertrain's other factories and staff functions in Sweden, along with 8 people in the UK.
The layoffs and workforce reduction is the result of increasing competition in the international automotive industry.
"In order to remain a leading player in the automotive industry, we now need to reduce costs and thereby strengthen our competitiveness," says Powertrain Managing Director Hans Linnér.
For further information, please contact:
Hans Linnér, Managing Director, Finnveden Powertrain
Tel +46 (0)705 298150
6 March 2007
On 6 March, Finnveden sold the Powertrain Components business area to Italian Gnutti Carlo S.p.A.
This merger of Gnutti and Finnveden Powertrain gives rise to one of the world’s leading suppliers of precision components for heavy diesel engines. The combination of increased size, broader geographic presence and improved production and process expertise creates a very strong business partner to customers in the international automotive industry.
“By selling Powertrain we are contributing to the formation of a world-leading supplier of engine components. We are now continuing the work of recent years to consolidate and develop each of Finnveden’s business areas. This transaction will give us a strong financial position to intensify our industrial structuring work and to support faster growth,” says Johan Lundsgård, President and CEO of Finnveden.