The cuts will occur at its facility in the city of Gothenburg, Sweden, and will be achieved through what it called a competence shift program, based on voluntary participation. Staff will be encouraged to take up other positions within Saab. Those who leave the company will be provided with various support services.
"We are a world leader within radar systems and are continuing to invest in the product portfolio in order to be even more competitive in the present technological shift," said Micael Johansson, head of Saab's Electronic Defense Systems business area. "Reduced business volumes have resulted in under-utilization of resources and staff [and] ... we must constantly adapt our business to ensure that we stay competitive on the global market.
"Competence shift following staff redundancy has been successfully implemented previously at our operations in Gothenburg and at other major Swedish companies. I am optimistic that this situation will present good opportunities for our employees."
Notable deaths of 2014 [PHOTOS]