Saab Aerospace in Linköping giving notice

Postponed decisions concerning aircraft purchases have created a
staffing surplus that is causing Saab Aerospace in Linköping to give
notice to 24 employees. Saab Aerospace employs over 4200 workers.

Saab Aerospace consciously expanded its workforce in conjunction with
bids tendered to the Czech Republic and Austria earlier this year. The
increase was necessary to be able to meet commitments in the event that
deals were closed with those countries. Flooding in central Europe has
now caused the two countries to substantially postpone their decisions.

Saab Aerospace must adjust its operations and the size of its workforce
accordingly. The planned increase in the pace of operations has been
deferred, leading to a staffing surplus. A total of over sixty full-time
jobs is involved, 24 of which must be terminated due to the shortage of
work.

All the workers have been offered extended notice periods. Those
affected have also been allowed to complete their career-oriented
trainee programs. The parties have agreed that the terminations will
occur in accordance with the Swedish Employment Protection Act (LAS) and
applicable collective agreements.

Most of the others who have been affected by a shortage of work will be
offered continuing training so that they will be able to fill future
vacancies.

Overall, long-term plans call for somewhat reduced volumes that will
entail reductions in both factory and office staffing. This is a
consequence of the restructuring that is taking place in the
international defense industry, where future projects will be carried
out in partnership with others. Another contributing factor is the
increased streamlining and improved cost-effectiveness of our own
operations.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defense, aviation and space. Saab covers a
broad spectrum of competence and capabilities in systems integration.

For additional information, please contact:
Peter Larsson, Information Officer, Saab Aerospace
Tel: 013-465 31 09
070-989 71 09
www.saabaerospace.com

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