All employees of Scania's busbuilding operation in Katrineholm offered continued employment

All employees of Scania's busbuilding operation in Katrineholm offered continued employment The restructuring of Scania's busbuilding operation is ongoing, and it is now clear that Scania will be able to offer all employees of its busbuilding operation in Sweden continued employment either in Katrineholm or Södertälje. Scania considers it important to communicate this information before the Christmas and New Year holidays. Following the usual codetermination negotiations, Scania aims to establish a separate bodybuilding company in Katrineholm. The new company will be responsible for all bodybuilding activities. To ensure the availability of skills and the prospects of long-term profitability, 200 employees of the bodybuilding operation will be offered continued employment with the new bodybuilding company. These jobs will remain in Katrineholm. For the continued development of chassis production, which is the bigger element of Scania's bus business in terms of volume, the remaining employees of the present busbuilding operation in Katrineholm will be offered continued employment in Södertälje. For further information, please contact: Magnus Hahn Scania Business Communications +46-70-5517903. Gunnar Boman Scania Buses & Coaches, Communications +46-70-5508606. Scania is one of the world's leading manufacturers of trucks and buses for heavy transport applications, and of industrial and marine engines. With 26,900 employees and production facilities in Europe and Latin America, Scania is one of the most profitable companies in its sector. In 2000, turnover totalled SEK 53,800 million and the result after financial items was SEK 4,500 million. Scania products are marketed in about 100 countries worldwide and some 95 percent of Scania's vehicles are sold outside Sweden. Bus manufacture takes place in Sweden, Denmark, Poland, Russia, Argentina, Brazil and Mexico. Scania press releases are available on the Internet, www.scania.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/18/20011218BIT00990/bit0002.doc http://www.waymaker.net/bitonline/2001/12/18/20011218BIT00990/bit0002.pdf