SKF consolidates product development, proposes to cease activities in Scotland

Gothenburg, 24 January 2020: In order to speed up the development of cloud-based condition monitoring technologies, SKF is consolidating its development footprint in Europe. Consequently, and subject to consultation with local employee representatives, SKF proposes to cease its development and supply chain activities in Livingston, Scotland.

The Group will now enter into a period of consultation with employee representatives. Should the proposal be confirmed, the development and supply chain activities in Livingston will cease by December 2021.

Development of these technologies will be consolidated to existing sites in Sweden and France.

The development center in Livingston currently employs approximately 50 people.

Aktiebolaget SKF
      (publ)

For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2018 were SEK 85 713 million and the number of employees was 44 428. www.skf.com  

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