Haldex says its global restructuring programme announced last year and affecting several several countries and functions, has been finalised.

The plan for Germany will be implemented from September 2014 until end of 2015.

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The global programme includes consolidation of central processes and functions, optimisation of sales and administration costs, adjustments of the European production structure, product rationalisation measures and impairment tests of related non-current assets.

The programme runs through 2015 and includes staff reductions by around 200 employees globally, as well as other measures to reduce operating costs.

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