Sweden's SKF to step up restructuring

Article Abstract:

SKF AB, a ball-bearing producer based in Sweden, promises to step-up its restructuring efforts to improve company profits. The company plans to boost operating profit by 1.5 billion krona by the year 2000 through the restructuring plan, which will involve layoff of 4,000 workers within two years, overhaul of its automotive unit and increased focus on the service segment of the industry. Analysts forewarn that the industry faces overcapacity and might see tighter competition due to the Asian crisis, thus they question the restructuring program since it only focuses on some underperforming segments of the industry.

Comment:

Promises to step-up its restructuring efforts to improve company profits

Organizational history, Ball & Roller Bearings, Ball and Roller Bearing Manufacturing, Machinery industry, SKF AB

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Internet-security firms thrive in Sweden

Article Abstract:

iD2 Technologies, an Internet services firm headquartered in Stockholm, Sweden, attributes its financial profitability to the popularity of conducting Internet-based transactions in Sweden. The firm, which produces and markets a system designed to provide high-level of identification security on the Internet, has found adequate source of income from govenment agencies as well as banks. The company's identification system makes use of asymetric encryption, which features two digital keys that need to be matched before a transaction can be completed.

Comment:

Attributes its financial profitability to popularity of conducting Internet-based transactions in Sweden

Strategy & planning, Specialized Telecom Services, Wired Telecommunications Carriers, iD2 Technologies

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Retailer Hennes & Mauritz mulls its online strategy

Article Abstract:

Swedish clothing retailer, Hennes and Mauritz, has a limited electronic commerce presence compared to other retailers.

Telegraph & other communications, Services development, Video Retailing Service, All Other Information Services, Apparel & Shoe Stores, Clothing and Clothing Accessories Stores, APPAREL AND ACCESSORY STORES, Planning, Online services, Home shopping, Company Profile, Clothing stores, H. og M. Hennes og Mauritz A/S

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