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Sandvik implements the first phase of restructuring initiatives in Machining
STOCKHOLM, June 24, 2025
STOCKHOLM, June 24, 2025 /PRNewswire/ -- On May 20, Sandvik announced that restructuring measures will be implemented in the business area Machining during the course of the 2025-2030 period (Sandvik Capital Markets Day: Advancing to 2030), aimed at driving operational efficiency, margin resilience and support growth opportunities. The measures include optimizing the structure of the organization and consolidation of productions units.
Today, Sandvik announces the implementation of the first phase of these initiatives.
The estimated annual savings from these measures is about SEK 380 million. Around 40% of the run-rate savings will be realized by the end of 2025 and 90% run rate will be achieved by the end of 2026.
Costs related to the restructuring are expected to amount to SEK 570 million, which will be reported as non-recurring costs and as items affecting comparability in EBITA in the second quarter 2025.
Of the total charge, approximately SEK 20 million are non-cash items and the remaining mainly refers to redundancies of some 350 employees in total.
Stockholm, June 24, 2025
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
This information was brought to you by Cision http://news.cision.com
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View original content:https://www.prnewswire.com/news-releases/sandvik-implements-the-first-phase-of-restructuring-initiatives-in-machining-302489483.html
SOURCE Sandvik
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