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.



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