Alfa Laval withdraws its dividend proposal
As communicated earlier, Alfa Laval is implementing a broad cost reduction program with the objective of reducing fixed costs with SEK 1 billion on a 12-month running basis. The program is well on track and the first financial effects are expected in April.An important part of the cost reduction program is related to the flexibility of various working hour reduction schemes in countries like Italy, Germany, France, and since recently, Sweden. In Sweden specifically, the company intends to reduce the working time with 40 percent for approximately 900 white-collar employees, starting May 1.