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Sandvik announces layoffs in Arbrå, Sweden

Sandvik Mining and Construction intends to immediately initiate negotiations with the personnel organizations regarding closing of the manufacturing of mobile crushers, screens and stationary feeders in Arbrå, Sweden.

The notice of termination of employment affects all personnel employed at Sandvik SRP AB in Arbrå, 53 persons.

As a result of continued reduced demand from Sandvik's customers for mobile crushing equipment, the company's total capacity must be reduced.

The closing is in line with the long-term strategy for mobile crushers and screens involving a concentration of resources and expertise to England and Northern Ireland.

Sandviken, 3 March 2009

Sandvik Aktiebolag (publ)