Job losses at Saab

As a result of the earlier decision to cease production of regional aircraft
Saab 340 and Saab 2000, Saab is terminating the employment of 111 workshop
employees. Notice was given in September 1998 to 475 staff, but thanks to
proactive measures this figure had been reduced considerably. Just over 1,800
people within Saab AB and Saab Aircraft originally worked on regional

Since the decision to phase out was taken, a series of measures have been
implemented to cushion the consequences for the employees affected. Just over
600 staff have been assigned alternative duties within the Saab Group. A
hundred or so have also received further training, or training in a completely
new area. For example, Saab has initiated comprehensive training programs for
qualification as system engineers, constructors, tool-makers and NC operators.

Contact has also been established with other companies. Some 20 companies have
visited Saab, and in many cases contact has resulted in offers of employment.
To date, some 200 personnel have also accepted early retirement.

- It´s of course always regretful to have to make people redundant. However,
considering some 1,800 personnel were originally in the risk zone, it´s
obviously positive that so many have found new jobs or other solutions, says
Gert Schyborger, President of Saab Aircraft AB.

The decision to terminate production of regional aircraft in mid-1999 was
taken by Saab´s Board of Directors on 15 December 1997. The phasing-out
process is proceeding according to schedule, and the last major project - a
Saab 2000 for Swiss Crossair - will be delivered on 29 April.

Saab is now strengthening its civil aircraft role as an international business
partner, by instead supplying e.g. sub-systems to other manufacturers of large
passenger aircraft, such as world leaders Boeing and Airbus.

Subsidiary Saab Dynamics AB is also announcing redundancies.
20 workshop employees are being given notice following reduced use of capacity
in the production department. There is also some over-employment within Saab
AB as a whole, both on the factory floor and in administration, so further
redundancies cannot be ruled out.

For further information, please contact:
Gert Schyborger, President Saab Aircraft AB +46 13-184050

Anders Annerfalk, Vice President
Corporate Communication and Public Affairs, Saab Aircraft AB +46 13-182022

Roland Gäreskog, Vice President
Corporate Communication and Public Affairs, Saab Dynamics AB +46 13-186320

Lars Jagerfelt, Vice President
Corporate Communication and Public Affairs, Saab AB +46 13-187165

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