Sandvik Information Technology reduces its staff

Sandvik Information Technology reduces its staff

Today, as a result of the sharp decline in the market for the Sandvik Group,
Sandvik Information Technology issued notice of a reduction in its workforce in
Sweden by a total of 50 employees. The notice pertains to employees in Sandviken
and Stockholm. A further reduction of about 40 employees will be implemented in
Sandvik's IT operations outside Sweden. As an additional step in cutting costs,
the number of consultants in Sandvik's two IT companies will be significantly
reduced. 

Local negotiations with the appropriate personnel organizations will commence
immediately with the aim of implementing the personnel reductions as soon as
possible. 

“The strong decline in the market since the end of 2008, has led to Sandvik's
business areas reducing their workforce and production capacity. This, in turn,
leads to a decline in demand for internal IT services. Accordingly, we must
adapt our costs and our staff. Discussions must be conducted with care and a
sense of trust, at the same time as it is important to inform the employees of
our decision as soon as possible,” says Göran Kördel, President of Sandvik
Information Technology.



Sandviken, 16 April 2009

Sandvik Aktiebolag (publ)


Sandvik AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 10:15 a.m. on 16 April 2009.


For further information, contact,  Göran Kördel, President of Sandvik
Information Technology AB, +46 26 26 27 01, or Jan Lissåker, Vice President
Investor Relations, Sandvik AB, +46 26 26 10 23.


Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas - tools for metal cutting, machinery and tools for
rock excavation, stainless materials, special alloys, metallic and ceramic
resistance materials as well as process systems. The Group had at the end of
2008 about 50,000 employees and representation in 130 countries, with annual
sales of approximately SEK 93,000 M.

Sandvik Information Technology, with 500 employees, is focused on operations,
support, communication, integration and security within the IT area for the
Sandvik Group, as well as development of future technical solutions.