Saab Ericsson Space Losing 80 People in Gothenburg | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Thu, May 15, 2003

Saab Ericsson Space Losing 80 People in Gothenburg

Saab Ericsson Space is to lose a further 80 personnel from its Gothenburg, Sweden, operation. The international market for telecommunications satellites remains weak, and Sweden's space budget has gradually been cut back over a number of years.

Since its formation in 1992, Saab Ericsson Space has successfully marketed products for use onboard commercial telecommunications satellites. In recent years, some 50 percent of the company's net sales have been generated in this field. However, only 5 new satellites were commissioned on the world market last year, compared to the normal 25~30. The market is expected to remain weak for the next few years, largely a result of overcapacity in the general telecom arena.

Taxpayers Can't Bail Out Everybody...

"In a difficult situation like this, matters are not made easier by the fact that the state budget for space-related operations has continued to decrease, and there is nothing at present to indicate that appropriations are set to increase. Altogether this leads to a very distressing situation for Swedish space industry," said Bengt Mortberg, President of Saab Ericsson Space.

Personnel in construction, production and administration will be affected by today's official notice. Industrial co-determination talks will begin immediately. As with previous workforce reductions, the company is cooperating with TRR Trygghetsradet career transition support and the Public Employment Services.

Saab Ericsson Space AB's facility in Linkoping and the subsidiary Austrian Aerospace in Vienna, Austria, are not affected by these latest measures.

FMI: www.saab.se www.space.se

Advertisement

More News

Sierra Space Repositions Dream Chaser for First Mission

With Testing Soon Complete, Launch Preparations Begin in Earnest Sierra Space's Dream Chaser has been put through the wringer at NASA's Glenn Armstrong Test Facility in Ohio, but w>[...]

ANN's Daily Aero-Term (05.10.24): Takeoff Roll

Takeoff Roll The process whereby an aircraft is aligned with the runway centerline and the aircraft is moving with the intent to take off. For helicopters, this pertains to the act>[...]

Aero-News: Quote of the Day (05.10.24)

“We’re proud of the hard work that went into receiving this validation, and it will be a welcome relief to our customers in the European Union. We couldn’t be mor>[...]

Aero-News: Quote of the Day (05.11.24)

"Aircraft Spruce is pleased to announce the acquisition of the parts distribution operations of Wag-Aero. Wag-Aero was founded in the 1960’s by Dick and Bobbie Wagner in the >[...]

ANN's Daily Aero-Term (05.11.24): IDENT Feature

IDENT Feature The special feature in the Air Traffic Control Radar Beacon System (ATCRBS) equipment. It is used to immediately distinguish one displayed beacon target from other be>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC