Pandemic forces Sandvik Materials Technology to lay off over 400

June 16, 2020

Sandvik AB, Stockholm, Sweden, has announced layoffs in Sweden for 429 positions within its Sandvik Materials Technology business, as part of saving measures initiated due to the challenging market situation following the COVID-19-pandemic.

According to the Sandvik, the layoffs, which include 349 positions in Sandviken and eighty in Hallstahammar and Surahammar, affect both office and factory-based employees. The layoffs are expected to come into effect mid-October 2020 in Hallstahammar and Surahammar and mid-December 2020 in Sandviken.

Sandvik Materials Technology employs approximately 3,300 in Sweden, about 2,900 in Sandviken and 380 in Hallstahammar and Surahammar.

“The reason behind the decision is based on the continued uncertainties in our global market environment caused by the COVID-19-pandemic, which forces us to adjust to lower volumes and to better position our company for the future,” stated Göran Björkman, President for Sandvik Materials Technology. “We are expecting to see a weak market situation going forward and need to act in time to protect our business.”

www.home.sandvik/en/

Industry News

Read the latest issue of PIM International

The latest issue of PIM International magazine is available to view online or download in PDF format.

As well as an extensive MIM, CIM industry and sinter-based AM industry news section, this 112-page issue includes the following exclusive articles and reports:

  • Element 22: A leader in titanium MIM leverages its expertise to advance sinter-based Ti Additive Manufacturing
  • Digitising part production: A new approach to creating unique part IDs for MIM components
  • Making the business case: How sinter-based Additive Manufacturing can compete with Powder Injection Moulding
  • Reducing MIM part costs with more expensive materials? The re-evaluation of a major 3C application
  • The production and evaluation of alumina sinter supports for Metal Injection Moulding by ceramic Additive Manufacturing
  • > Go to magazine page

E-newsletter

Register for our e-newsletter and we'll let you know each time a new issue of PIM International magazine is available, as well as keeping you informed of MIM and CIM industry developments.

Industry News

Copy link
Powered by Social Snap