Customers are served in a wide range of segments, the mostimportant being the insurance, food, pharma and electronics industries.Manufacturing and sales are carried out through the Group`s own companies inmore than 30 countries. The Group has slightly more than 4 100 employees and netsales of about SEK 6.5 billion The Munters share is listed on Nasdaq OMXStockholm. For more information, see This information was brought to you by Cision http:// Engström, CEOTel: +46 8 626 63 rMartin Lindqvist, CFOTel: +46 8 626 63 opyright Business Wire 2009. STOCKHOLM, Sweden–(Business Wire)–Regulatory News: As a result of low production volumes within the commercial aircraft production,Saab (STO:SAABB) is serving notices of lay-offs of 300 employees within Saab ABin Linköping Both office workers and factory employees are affected. The reason for the notice is primarily due to customer delays within majorprogrammes at Saab Aerostructures. This has led to considerably lower productionvolumes than planned, resulting in a substantial decrease in revenues Thenotice affects aviation related operations in Linköping.
The Swedish Public Employment Service has been informed about the notice.Negotiations with the trade unions have begun. “Continually adapting our business to new situations is essential if we are tobe a cost effective and competitive company. It is regrettable that we now haveto lose good employees, but unfortunately this cannot be avoided. Together withthe trade union organisations within Saab, we will implement these changescarefully,” says Saab’s CEO Åke Svensson.
The structural costs are calculated at approximately SEK 100 million, themajority of which will be recorded in the fourth quarter of 2009. Saab is conducting a review across of all its operations and further reductionscannot be excluded, either in Linköping or elsewhere. Saab today employsapproximately 13,300 people around the world. Saab serves the global market with world-leading products, services andsolutions ranging from military defence to civil security. Saab has operationsand employees on all continents and constantly develops, adopts and improves newtechnology to meet customers` changing needs.
The information is that which Saab AB is required to declare by the SecuritiesBusiness Act and/or the Financial instruments Trading Act. The information wassubmitted for publication on April 23 at 07.30. This information was brought to you by Cision http:// Press Centre+46 (0)734 180 018 Business Wire 2009. April 23 (Reuters) – Following are some of the comments byEcuadorean President Rafael Correa in an interview with Reutersin which he vowed to take a hard line with foreign investors ifhe wins re-election this weekend. Bonds ECONOMY AND FINANCIAL CRISIS “Our estimate of growth is 2.5 percent (this year) and wesee it in strategic sectors like roads, investment inhydroelectric plants — most of all public investment.” “We believe the worst of the crisis has past, unless oilprices fall to dangerous levels again.” BANKS “It’s not enough to inject resources, you have to forcebankers to hand out credits and that is what we have done.” “We still need a law for financial institutions to increase(state) control. There are no banks in trouble.” “They know they need us and we know we need them so even ifwe don’t like each other we have to get together and agree onsome issues.” U.S DOLLAR SYSTEM “A disorderly exit of the U.S dollar would be chaotic forthe country. People with debts in dollars would then earn in alocal currency and never be able to pay their commitments.There would be great problems with inequality and a huge exitof capital.” DEBT “The goals is to retire all the 2012 and 2030 bonds fromthe market.