SKF recently said that given the slowdown in market demand in Western Europe, and Asia, the expected demand for the second quarter of consumers of its products and services this year same-store sales declined slightly.

SKF CEO CEO Tom Johnston said: "Although we have some business in Europe, such as aerospace, renewable energy, good momentum of development, but the overall situation is not optimistic about the demand for the Asian market in the Chinese market still room for improvement. the Indian market, the business also has a weak trend. All in all, the entire market demand there is a big uncertainty. "

SKF intends to reduce its cost base in Germany through voluntary early retirements and layoffs project. These projects are in progress, 2013 is expected to save 120 million Swedish kronor. To 2016 the project be fully implemented, is expected to lead to layoffs of about 400 people, annual savings of SEK 170 million.



Other News:
The economic slowdown SKF cost-saving measures in Europe to carry out voluntary
Postal Savings governor Tao Liming involves three crime
Affect the geometry of the cut-off of low-strength steel construction Steel City
Lathe FAG non-standard bearing installation need to prepare
Philippine media: Philippine vessel or return to the Huangyan Island
Australia's third-largest mining companies fortescue merged with Baosteel intere
BRIC five countries agreed to the IMF to provide new capital injection
G20 central banks to combat readiness or joint release of liquidity to stabilize