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Saab: AerotechTelub Gives Notice to 55 People

LINKOPING, Sweden, April 20, 2005 (PRIMEZONE) -- Saab: AerotechTelub is giving notice to 55 people. The move affects 25 people in Solna, 20 in Ostersund and 10 in Orebro. The measure is an adaptation to the prevailing order and capacity situation.

``It is very regrettable that we have to make these personnel cutbacks. They are primarily due to lower volumes in defense orders and affect our development and maintenance operations. We will be doing our best to support the people involved," says AerotechTelub President Lars-Erik Wige. Notice of the workforce reductions has been submitted to the relevant County Employment Boards. The union organizations have been informed, and negotiations will begin in the near future.

AerotechTelub

AerotechTelub is one of Sweden's leading consultancy companies. The company offers technical services and solutions for industry, total defense, government offices and authorities -- anywhere where there are high demands on function and reliability. At AerotechTelub, system owners and system suppliers are given support throughout the entire system and product cycle.

AerotechTelub has a turnover of approximately SEK 2.2. billion and employs around 2,000 people at several locations in Sweden. The company is part of the Saab Group -- one of the world's leading high-technology companies, with its main operations in defense, aviation and space.

Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The Group covers a broad spectrum of competence and capability in systems integration.

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CONTACT:
Soren Bjork, Human Resources Manager
Tel: +46 (0)589-83084 

Bertil Ullergren, Head of Communications
Tel: +46 (0)70-6211028
www.saab.se