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SKF plans to expand recruitment growth in Asia

Wednesday, 09 May 2012
SKF plans to annually employ about 1,000 people in Asia over the coming years, the company’s CEO Tom Johnstone said on its Capital market day yesterday, Tuesday.

Currently, SKF has approximately 10,000 employees in Asia, which accounts for about 26 percent of company sales.
During his presentation,  Johnstone repeated on the about three weeks old forecast that demand is expected to increase slightly in the second quarter, both relative to the first quarter last year and to the corresponding period last year.

He emphasized the importance of activity in China and India to actually increases according to the forecast of higher demand in Asia, relative to the first quarter, to be realized.
SKF's sales in China, which accounts for almost half of its revenue in Asia, fell during the first quarter. Johnstone said he expected "good growth" in China in the long term, and has previously expressed the hope that SKF will get back to growth in China during the year.
By Team

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