Internal restructuring
Location of affected unit(s)
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

1,000 - 1,500 jobs
Number of planned job losses
Job loss
Announcement Date
17 February 2005
Employment effect (start)
17 February 2005
Foreseen end date
31 December 2006


The Swedish defence and aerospace company Saab plans to lay off 1,000 to 1,500 workers through 2005 and 2006, because of shrinking Swedish budgets and defence orders from the government. Sweden, whose policy is armed neutrality, has decided to cut its annual defence budget by 3 billion kronor ($431,3 million), by 2007. ‘The armed forces are again reassessing materiel plans, and while we anticipate some new developments to arise, the orders for the Swedish defence industry are probably very limited’, Saab's president and chief executive Åke Svensson said. Last year, Saab laid off 350 workers because of a drop in Swedish military orders. The company currently employs 11,936 workers.


  • 17 February 2005: Press release by Saab
  • 17 February 2005: Svenska Dagbladet


Eurofound (2005), Saab, Internal restructuring in Sweden, factsheet number 61168, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61168.