Alfa Laval to cut costs by over USD 100 million

Sweden's Alfa Laval aims to lower its costs as a direct consequence of the effects of the coronavirus. Over a 12-month period, the company must find ways to reduce costs by more than SEK 1 billion.

Photo: Finn Frandsen/Politiken/Ritzau Scanpix

Equipment manufacturer Alfa Laval intends to launch a cost-saving program to find ways to cut expenses by more than SEK 1 billion (USD 100 million) over a 12-month period.

These cuts will be a direct consequence of the coronavirus outbreak, which is expected to lower activity levels at the Swedish group, a major supplier to the shipping industry, among others.

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