Saab Aerospace gives notice to 350 people

Saab Aerospace has today given notice to the County Employment Board in
Östergötland regarding 350 white-collar employees at the operation in
Linköping.

The reason for the notice is a reduction in employment due to a reduced
workload on the development side.

"Very few new development assignments focusing on the new defense are
currently being placed with the Swedish defense industry. This is also
affecting us. Gripen is Sweden's largest industrial project and is the
foundation of Sweden's high-tech aircraft industry. The decline within
Saab Aerospace is certainly an adaptation to a new phase in the project.
However, since very few future-oriented development assignments have
been placed in the last couple of years, we are now forced to make this
cut-back on the development side within Saab Aerospace as it currently
stands," says Hans Krüger, Manager of Saab Aerospace.

Negotiations have been entered into with the relevant union
organizations.

"As one of a number of support measures that may be relevant for the
employees affected, we are offering help in finding new jobs," says Hans
Krüger.

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

For further information please contact:
Peter Larsson, Head of Communications Saab Aerospace
phone: +46 (0)13-18 00 18 or +46 (0)734-18 00 18

www.saab.se

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