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Sandvik to axe 1,100 workers in cost-cutting 'restructuring'

By 2025, Sandvik will implement structural and volume-related changes to optimise operations

Munira Rajkotwalla
The initiative will generate annual savings of over US$146 million. Photo: Sandvik

The initiative will generate annual savings of over US$146 million. Photo: Sandvik

Sandvik announced a new global restructuring program aimed at strengthening operational efficiency and resilience. The company plans to consolidate production units, optimize organizational structure,...

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