Type
Business expansion
Country
Sweden
Region
Västsverige; Västra Götalands län;
Location of affected unit(s)
Gothenburg
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26.51 - Manufacture of instruments and appliances for measuring, testing and navigation

200 jobs
Number of planned job creations
Job creation
Announcement Date
8 June 2023
Employment effect (start)
5 June 2023
Foreseen end date
31 December 2023

Description

Saab Surveillance, the SAAB Group's business area for military radar systems, is under expansion and will hire 200 new employees during the year 2023 to its business facility in Gothenburg, Sweden.

The company is seeing and influx of large orders from European and North American NATO-countries as a result of the war in Ukraine. Saab's order intake was approximately SEK 17 billion (€1.5 billion) for the year's first quarter, which is more than double compared to the same period in 2022. The growth is especially strong in the business areas of Surveillance and Dynamics. 

The company has increased its staff by 500 during the first quarter of 2023.

The company employs almost 19,600 people worldwide and operates in over 30 countries, according to the company's interim report.


Sources

  • 8 June 2023: Tidningen Näringslivet (www.tn.se)

Citation

Eurofound (2023), Saab Surveillance, Business expansion in Sweden, factsheet number 109176, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109176.