Sandvik Information Technology reduces its staff

Today, as a result of the sharp decline in the market for the Sandvik Group, Sandvik Information Technology issued notice of a reduction in its workforce in Sweden by a total of 50 employees. The notice pertains to employees in Sandviken and Stockholm. A further reduction of about 40 employees will be implemented in Sandvik's IT operations outside Sweden. As an additional step in cutting costs, the number of consultants in Sandvik's two IT companies will be significantly reduced…more at