Saab Barracuda in Gamleby to shed 18 employees

Due to weak order bookings, Saab Barracuda in Gamleby has today given
notice to 18 employees. The move affects administrative and production
personnel in Gamleby, eastern Sweden.

"The market for camouflage products is still very weak, which has
resulted in overcapacity in our operation," says Mats Warstedt,
President of Saab Barracuda AB. "This is unfortunately the second time
we have had to reduce the workforce, and it feels particularly difficult
to have to take this action when the labor market is so tough in
general. We have been able to soften the blow to some extent by offering
contract retirement."

Saab Barracuda AB is located in Gamleby, Sweden, and develops,
manufactures and markets products for multi-spectral protection against
detection and identification through signature management. The company
is a world leader in its field with subsidiaries in five countries, and
representatives and customers in 50 countries. There are 250 employees,
110 of whom are in Sweden (Gamleby).

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

For further information please contact:
Mats Warstedt, President, Saab Barracuda AB, tel: +46 493 148 12

www.barracuda.se
www.saab.se



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