Sandvik has appointed Christophe Sut as President of the Sandvik Manufacturing Solutions Business Area Segment and a new member of the Sandvik Group Executive Management, effective no later than 1 January 2022.
Oct 16, 2020 11:30 AM CET
, Press releaseRegulatory
Sandvik Board of Directors has today decided that following the completion of the internal separation of Sandvik Materials Technology (SMT), Sandvik will proceed with the preparation to distribute SMT to Sandvik’s shareholders and list the company’s shares on the Nasdaq Stockholm Exchange.
As communicated in the quarterly report for the first quarter, saving measures have been initiated throughout Sandvik due to the challenging market situation following the Covid-19-pandemic. Today, Sandvik gave notice of layoffs in Sweden for 429 positions within its business area Sandvik Materials Technology.
Sandvik is an engineering group in mining and rock excavation, rock processing, metal cutting and materials technology, providing optimized products and solutions based on digitalization, innovation and sustainable engineering.