News in the category 'Organization'

Press release: Sandvik to divest Sandvik Medical Solutions

Sandvik has reached an agreement with Orchid Orthopedic Solutions (Orchid), owned by Altor Fund III, to divest Sandvik Medical Solutions, a unit within the Sandvik Venture business area with contract manufacturing of medical implants and instruments for orthopaedic and dental applications. In 2011 the operation had sales of approximately 600 MSEK (90 MUSD) and comprised production units in US and UK with about 550 employees.

Press release: Sandvik celebrates 150 years

On 31 January, it will be 150 years to the day since Göran Fredrik Göransson's new company was formed in Sandviken, Sweden.

Press release: Sandvik Materials Technology continues to restructure wire- and strip operations

Sandvik Materials Technology today initiated negotiations with the unions in Sweden to restructure the wire and resistance strip operations, which will enable a shift in the product mix toward more advanced and profitable products in key segments, such as the energy sector.

Press release: Sandvik reduces workforce in Mining and Construction

Actions to achieve the goals in Sandvik's new Group strategy for the Sandvik Mining and Sandvik Construction business areas have now been identified and approved. This will result in the workforce being reduced by 400 employees and a non-recurring cost of about SEK 500 M, which will be recognized in the fourth quarter of 2011.

Press release: New Vice President Group Communications

Jan Lissåker has been appointed Executive Vice President Group Communications and member of Group Executive Management at Sandvik AB.

Press release: Sandvik reduces workforce in Sweden

Sandvik today gave notice of a personnel reduction of 365 employees in Sweden. The reduction affects employees at Sandvik Materials Technology and Sandvik Mining and Construction in Sandviken, as well as employees at Sandvik Materials Technology in Hallstahammar. The workforce reduction is a consequence of the Sandvik Group's new strategic direction and organization.

Press release: Sandvik Materials Technology launches comprehensive improvement program

Press release: Sandvik sets a new strategic direction to strengthen market leadership

The purpose of the new strategy is to achieve world class performance in value creation through higher growth and profitability and thereby make Sandvik an even more attractive company for customers, employees and shareholders.

Press release: New Sandvik Group Executive Management from 2012

In connection with the announcement of the new Sandvik strategy a new Group Executive Management team has been appointed. The new Group Executive Management will be effective 1 January 2012.

Press release: New President of Sandvik Materials Technology

Under his current contract with Sandvik, Peter Gossas, President of Sandvik Materials Technology, will retire at the age of 62. Accordingly, he will leave the Sandvik Group on 31 May 2011.