SKF's decision to close its U.S. Athenagoras Sigma (Glasgow) manufacturing plant, and SKF (France) plant abundance Tenai Le Conte (Fontenay le Comte) to implement layoffs. These two are the SKF company continues to reduce costs and improve productivity of important initiatives.

 Implementation of the initiative is expected to total cost of 360 million kroner, of which SEK 300 million will be used for the company's fourth quarter of 2007 restructuring charges, and the remaining SEK 60 million will be used to 08,09 expenses. 2010, reduce costs and improve production efficiency of these measures fully implemented, the company's annual profits will increase by about 1.2 billion kronor.

 These two measures will be in 2008, 2009 implementation. A total of 500 people will be laid off, and the company in the United States, France and other countries, the production will be affected. Automotive industry sector in 2007 affected 265 million fourth-quarter profit of SEK; industrial sector earnings will affect about 35 million crowns.

 SKF's factory closed Athenagoras Sigma production to Mexico and Puebla (Puebla) the transfer of these two plants the company in the U.S. auto market continues to maintain strong competitiveness of the necessary measures.