Sweden’s Sandvik announces 2,450 job cuts

LONDON (MarketWatch) — Sandvik , the Swedish industrial tool maker, said it’s cutting 2,450 jobs, mostly in its materials technology division in Sweden. Sandvik said the negative trend from the third quarter has continued in to the fourth quarter. Sandvik also may make temporary layoffs of up to 200 people and it’s closing its Perth, Australia surface drill rig maker that employs 50.
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Original post by Forextvblog

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