Sandvik provides an update on cost measures and savings
As previously announced Sandvik initiated measures across the Group to mitigate effects from the covid-19 pandemic, with actions supporting savings both short-term and long-term. Today, Sandvik provides an update on the current status of the long-term cost measures and savings for the 2021 program. Apart from the temporary short-term actions that were initiated at the outbreak of the covid-19 pandemic, Sandvik also announced long-term measures that will generate SEK 1.3 billion in annual savings with majority impacting 2021. Previously communicated implied cost for this program was SEK 2.
