STOCKHOLM, Sweden (Dec. 4, 2008) — Trelleborg A.B. said it is preparing itself for a challenging market situation in 2009, including possibly cutting a quarter of its automotive-focused work force.
Trelleborg said demand in offshore oil/gas remains strong, but a slowdown is clear in the auto market, though less so in Asia and some other industrial sectors.
"To adapt capacity to the decline in demand, Trelleborg Automotive has had a program in progress since 2006. Combined with further cutbacks, Trelleborg expects that the number of employees within Trelleborg Automotive is decreasing by approximately 2,400 in 2008 and 2009.
This will mean that employment within Trelleborg Automotive will fall by 25 percent—which is 10 percent of the company as a whole—by 2009.