- Sandvik (SDVKY, Financial) begins first phase of restructuring with anticipated annual savings of SEK 380 million.
- 40% of savings expected by end-2025 and 90% by end-2026 through operational efficiency improvements.
- Restructuring costs projected at SEK 570 million in Q2 2025, affecting approximately 350 employees.
Sandvik (SDVKY) has commenced the first phase of its restructuring plan for its Machining business, initially announced on May 20, 2025. This initiative aims to enhance operational efficiency and margin resilience from 2025 to 2030. The company expects to achieve annual savings of SEK 380 million, with significant progress anticipated by the end of 2025 and completion by the end of 2026.
The restructuring will incur a one-time cost of SEK 570 million in the second quarter of 2025. This includes SEK 20 million in non-cash items. The plan involves a workforce reduction affecting approximately 350 employees as part of the broader organizational optimization and consolidation of production units.
Sandvik's strategic restructuring is positioned to drive operational excellence and create growth opportunities in line with their long-term business goals. The company remains focused on its commitment to improving efficiency and resilience across its operations.
