Haldex has started a restructuring programme involving 200 job losses in a bid to save SEK100m (US$129.4m), from 2015.

Total cost of the programme will be SEK250m and is focusing on consolidation of key processes and functions, sales and G&A costs, transformation of the European footprint and product rationalisation.

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“The new functional organisation has enabled us to further streamline our business and administrative processes through reducing complexity and optimising the processes through the entire value chain,” said Haldex president and CEO, Bo Annvik.

“We will continue to adapt our business and improve efficiency and work with our product rationalisation programme.”

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