Trelleborg Wheel Systems ‘adapting to lower demand’

Trelleborg, Sweden – Trelleborg Wheel Systems initiated “targeted activities relating to personnel”, during the second quarter of 2019 in order to “adapt to the lower level of demand”, the company announced 18 July.

The business area’s net sales marginally improved to SEK 2.59 billion  (€245 million) in the three months to the end of June, up from SEK 2.58 billion reported the year before.

Organic sales, however, declined 5% year-on-year, impacted by “the increased uncertainty caused by… escalation of trade conflicts on a global basis,” said a…

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