Trelleborg expects 10% job losses in “challenging year”

ERJ staff report (DS)

Stockholm, Sweden — Trelleborg AB has said theslowdown is now clearly noticeable and the Group is preparing itself for a challenging market situation in 2009.

The slowdown is most marked in the automotive sector, but less so in Asia and some other industrial sectors. Trelleborg said, “demand in offshore oil/gas remains strong. “

In the auto sector, Trelleborg is preparing to cut a quarter of its workforce. “To adapt capacity to the decline in demand, Trelleborg Automotive has had a program in progress since…

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