Swedish industry group Alfa Laval plans to carry out cost cutting measures that include 600 employees being laid off primarily in Europe and North America.
The program will generate annual savings totaling SEK 300 million (USD 36 million) with full effect from mid-2022. The implementation is furthermore expected to result in restructuring costs of SEK 850 million, of which SEK 350 million constitute impairments of goodwill in oil and gas-related businesses.
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