Saab Barracuda is restructuring its operations in Lillington, USA. The restructuring results in the layoff of 43 employees.
The restructuring is necessary to match current market demands, and the decision to give notice to 43 employees comes after a comprehensive review of the company’s operations. The employees affected will be offered transition support services.
Saab Barracuda LLC manufactures a variety of static, mobile and personal camouflage systems, as well as heat reducing products for the U.S. Department of Defence.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.
For further information, please contact:
Toni Eriksson, Acting Press secretary, Saab AB
Telephone: +46 (0)734-180 018
The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on May 29 at 16.35.