BAE Systems Hägglunds Announces Restructuring Measures
ÖRNSKÖLDSVIK, Sweden — BAE Systems Hägglunds today notified its local employment board of restructuring measures, which may result in the redundancy of 200 employees. The announcement is a result of a thorough review of the organisation, including its work processes, competencies and resources, which highlighted a need to restructure in order to better equip the company to meet the demands of the global defence market. While some management posts may be reduced in numbers, the company will also be searching for employees to fill new positions in other areas.
“This change is a result of us reshaping our business to ensure that BAE Systems Hägglunds can continue to exceed customer expectations in an increasingly competitive global market, over the long term,” says Jan Söderström, President at BAE Systems Hägglunds
BAE Systems will enter consultation with employees as soon as feasible on these plans. Where possible, every effort will be made to mitigate any job losses through redeployment of employees within BAE Systems. To help employees seek suitable alternative employment, an outplacement support service will be established.
BAE Systems acquired Hägglunds in 2004. The company forms part of BAE Systems AB, together with BAE Systems Bofors. Sweden is one of six home markets in which BAE Systems has a major industrial or business presence.
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