Finnveden to reduce staff by 18 employees


VARNAMO, Sweden, Feb. 11, 2004 (PRIMEZONE) -- Due to capacity adaptations Finnveden is announcing notice of termination of employment involving 18 production workers at its production unit in Mora.


Finnveden AB (publ)
For further information, please call: 
Tommy Boork, CEO 
+46 31 734 59 10

Finnveden is an international engineering group, with strong market positions in the automotive industry. Products include fasteners, engine components and structural components. Finnveden is listed on Stockholmsborsen (Stockholm Exchange) and has annual sales of about SEK 4.5 billion, with 3,300 employees. Additional information is available on Finnveden's website: www.finnveden.com

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The following files are available for download:

http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00640/wkr0001.doc

http://www.waymaker.net/bitonline/2004/02/11/20040211BIT00640/wkr0002.pdf