Thu, May 15, 2003
Saab Ericsson Space is to lose a further 80 personnel from its
Gothenburg, Sweden, operation. The international market for
telecommunications satellites remains weak, and Sweden's space
budget has gradually been cut back over a number of years.
Since its formation in 1992, Saab Ericsson Space
has successfully marketed products for use onboard commercial
telecommunications satellites. In recent years, some 50 percent of
the company's net sales have been generated in this field. However,
only 5 new satellites were commissioned on the world market last
year, compared to the normal 25~30. The market is expected to
remain weak for the next few years, largely a result of
overcapacity in the general telecom arena.
Taxpayers Can't Bail Out Everybody...
"In a difficult situation like this, matters are not made easier
by the fact that the state budget for space-related operations has
continued to decrease, and there is nothing at present to indicate
that appropriations are set to increase. Altogether this leads to a
very distressing situation for Swedish space industry," said Bengt
Mortberg, President of Saab Ericsson Space.
Personnel in construction, production and administration will be
affected by today's official notice. Industrial co-determination
talks will begin immediately. As with previous workforce
reductions, the company is cooperating with TRR Trygghetsradet
career transition support and the Public Employment Services.
Saab Ericsson Space AB's facility in Linkoping and the
subsidiary Austrian Aerospace in Vienna, Austria, are not affected
by these latest measures.
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