SKF restructures in Lüchow, Germany

SKF restructures in Lüchow, Germany Taper roller bearings are the largest bearing type within the SKF Automotive Division. It is also the product type that is most exposed to competition. As part of the Group's ongoing profit-improvement program, the manufacture of taper roller bearings will be restructured. The assortment at the plant in Lüchow, Germany, will be streamlined and the manufacture of certain variants of taper roller bearings will be terminated. The changes mean that the workforce will be reduced by approximately 150 personnel. Lüchow will specialize in large dimension taper roller bearings, principally for use in heavy vehicles. Investments have been granted to support Lüchow's role as supplier of the allocated assortment. Göteborg, September 25, 1998 Aktiebolaget SKF (publ.) For further information, please contact: Lars G Malmer, SKF Group Communication, tel +46-31-3371541, fax +46-31-3371722, lars.g.malmer@skf.com Åke Svanberg, SKF Group Communication, tel +46-31-3372005, fax +46-31-3371722, ake.svanberg@skf.com Aktiebolaget SKF, SE-415 50 Göteborg, Sweden tel: +46-31-3371000, fax: +46-31-3372832, www.skf.com