Pandemic forces Sandvik Materials Technology to lay off over 400

June 16, 2020

Sandvik AB, Stockholm, Sweden, has announced layoffs in Sweden for 429 positions within its Sandvik Materials Technology business, as part of saving measures initiated due to the challenging market situation following the COVID-19-pandemic.

According to the Sandvik, the layoffs, which include 349 positions in Sandviken and eighty in Hallstahammar and Surahammar, affect both office and factory-based employees. The layoffs are expected to come into effect mid-October 2020 in Hallstahammar and Surahammar and mid-December 2020 in Sandviken.

Sandvik Materials Technology employs approximately 3,300 in Sweden, about 2,900 in Sandviken and 380 in Hallstahammar and Surahammar.

“The reason behind the decision is based on the continued uncertainties in our global market environment caused by the COVID-19-pandemic, which forces us to adjust to lower volumes and to better position our company for the future,” stated Göran Björkman, President for Sandvik Materials Technology. “We are expecting to see a weak market situation going forward and need to act in time to protect our business.”

www.home.sandvik/en/

In our latest magazine…

Download PDF

Extensive metal powder and Powder Metallurgy news coverage, plus the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy targets sustainable and resilient regional NdFeB magnet production
  • The chemistry of LiFe: The rise of LFP batteries and what it means for the iron powder industry
  • Driving sustainable innovation: HIP 2025 explores the strategic potential of Hot Isostatic Pressing
  • High-precision press solutions for permanent magnets in EVs and green energy generation
  • Powder2Powder: A closed-loop solution for high-value metal powder recycling
  • Reducing defects and energy use in Hot Isostatic Pressing: A data-driven approach to degassing

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of Metal Powder Technology, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join 5,000+ other industry professionals – follow us online

Discover our magazine archive…

The free-to-access Metal Powder Technology magazine archive offers unparalleled insight into the world of metal powder from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of Metal Powder Technology magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • HIP Services
  • AM Machines
  • Consulting & toll sintering
View online
Share via
Copy link