Saab to shed 25 personnel in Nyköping

Saab Nyge Aero AB is to shed 25 people. The move affects SNA operations
in Nyköping, Sweden.

"It is of course very unpleasant news for our fine co-workers, but it is
unavoidable with a constantly decreasing workload," says Arne Lindholm,
President of Saab Nyge Aero.

The SNA section of Saab Nyge Aero conducts special flight operations in
Sweden and abroad, and modifies and maintains aircraft for Swedish
authorities and international customers.

Against a background of structural changes in the area of defence and
government authorities, primarily in Europe, SNA is forced to adapt its
resources accordingly and intends to shed 25 personnel due to lack of
work. The measure affects both blue-collar and white-collar co-workers.

SNA has given notice to the County Employment Board in Sörmland, and
negotiations with the union organizations will begin shortly. The
intention is to give notice to personnel in autumn 2004.

Saab Nyge Aero AB is a wholly-owned subsidiary of Saab AB, with
approximately 135 people working in Nyköping and Ljungbyhed, Sweden.

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:
Arne Lindholm, tel +46 (0)734-180610

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