Haldex Extends Short-Term Working Plan in Landskrona

Source: Haldex announcement

LANDSKRONA, Sweden – Haldex extended the short-term working plan (previously called short-term layoffs) for most employees in Landskrona, introduced on March 30th. In total, approximately 250 employees are affected.

The decision to extend the short-term working plan follows from continued reduced demand for Haldex products and services and the need to mitigate the negative financial effects of Covid-19.

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The short-term working plan, affecting almost all employees in Landskrona, was implemented on March 30, 2020 and is now extended to last at least throughout May. The agreement with the unions gives room for further extensions as long as Covid-19 affects the business. Haldex will, in close dialogue with the unions, continuously evaluate the situation and the need to extend the short-term work also for the coming months.

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“Unfortunately, we must extend the short-term working plan to adjust the cost base as long as Covid-19 impacts our business,” said Helene Svahn, CEO and President of Haldex. “Obviously, we want to avoid layoffs as far as possible and these measures allow us to maintain our skilled workforce ensuring a quick ramp up of working hours as the situation improves.”

About Haldex

More than 100 years of powerful innovation gives Haldex unsurpassed expertise when it comes to braking systems and air suspension systems for heavy trucks, trailers and buses. The company lives and breathes its business with the goal to deliver robust and technically superior solutions which is founded in a deep insight in the customer’s reality. Through focusing on its core competences and the passion shared throughout Haldex, it achieves the agility and flexibility that the market demands. Innovative collaborations are not only the core of its products, but the company’s philosophy. The 2,200 employees, spread out across four continents, challenge the conventional daily in order to secure that the products the company delivers create a unique value for its customers and the end users. Haldex is listed on Nasdaq Stockholm and have a turnover of approx. 5 billion SEK.

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