Nefab adjusts number of employees

Nefab adjusts number of employees The recession in the Swedish economy combined with the weak and uncertain development of the telecom equipment industry, has caused a certain redundancy at the production units in Alfta.The redundancy concerns employees in the factories as well as in the offices. Nefab has today informed the unions about the situation and will start negotiations about staff reductions.The preliminary estimation is that about 50 to 75 employees will be concerned. The measures are necessary to adjust the costs to the existing demand. The units in Alfta employs approximately 350 people today. For more information about the company's view of the market development, see interim report January - March 2001 published May 4, 2001. For further information, contact CFO Anna Stålenbring. Tel 070-814 23 44, e-mail anna.stalenbring@nefab.se Jönköping May 11, 2001 Lars-Åke Rydh President and CEO Information about Nefab Nefab delivers complete packaging solutions to international industrial groups, primarily within the telecom equipment and automotive Nefab has its own companies in Europe, North and South America and Asia. Annual sales are about SEK 1.1 BN. Nefab is listed on the OM Stockholm Exchange. Nefab AB (publ) Östra Storgatan 20 . P O Box 2184 . SE-550 02 Jönköping . Sweden Telephone +46(0)36-345050 . Telefax +46(0)36-150444 . Organization No. 556226-8143 Homepage: www.nefab.com . E-mail: info@nefab.se The registered office of the board of directors is in Ovanåker, Sweden ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/11/20010511BIT00460/bit0002.doc http://www.bit.se/bitonline/2001/05/11/20010511BIT00460/bit0002.pdf