Saab to shed 40 personnel at Combitech Systems AB

Combitech Systems AB, a company within the Saab Group, is to shed 40
employees. The move affects administrative personnel at the 10 or so
locations in Sweden.

"It is obviously unfortunate to have to take this step, but at the same
time it is necessary as it is based on the market's altered requirements
on us," says Christer Hoberg, head of Combitech Systems AB.

Intensive marketing work in 2003 has brought clarity to the market's
altered demands on expertise and services. Based on this new situation,
re-structuring will now be carried out to further clarify the expertise
focus and customer orientation of the various business areas.

In conjunction with this restructuring some overstaffing has been
identified, and with it a need to adapt expenditure to meet market
demands in 2004.

Negotiations have been entered into with the relevant union

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

For further information please contact:
Anders Fogelström, Combitech Systems AB, Tel +46 36 440 51 45,
Mobile +46 708 895 206

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