Gunnebo streamlines for increased competitiveness

Gunnebo streamlines for increased competitiveness

As previously announced, Gunnebo Security Group is planning to implement a
number of restructuring measures, with the aim of gradually reducing its costs
by MSEK 500 up to 2012 and strengthening its market positions.

The restructuring measures partly entail streamlining the Group's industrial
platform. The planning of winding-up of operations at the Group's plant in Mora,
northern Sweden, is part of this programme. 57 employees might be affected. The
background is that Gunnebo's market for products made in Mora has been declining
for a number of years. The Group plans to relocate manufacturing to other
production units. 

“Gunnebo is the result of more than 40 acquisitions which have been integrated
in recent years, and the next step is to reduce fixed costs and secure efficient
utilisation of capital and resources. It is always regrettable to plan measures
that affect employees negatively, but change is necessary if the Group is to
strengthen its market positions and increase competitiveness,” says Tomas
Wängberg, SVP Operations Gunnebo AB.

The above mentioned planned change is object to information and negotiations
with related trade unions.

GUNNEBO AB (publ)
Group Communications

For further information, please contact:
Tomas Wängberg, SVP Operations Gunnebo AB, tel. +46 (0)31-83 68 12 or
Karin Wallström, Group Communication Manager Gunnebo AB, tel. +46 (0)31-83 68
06, mobile: +46 (0)708-28 33 39, or e-mail: karin.wallstrom@gunnebo.com 

www.gunnebo.com 

Gunnebo may be required to disclose the information provided herein pursuant to
the Swedish Securities Markets Act. The information was submitted for
publication at 14:01 CET on 20 November 2009.

Gunnebo security group has an annual turnover of MEUR 720 and 6,000 employees.
We are suppliers of integrated security solutions for bank, retail and sites in
need of high security protection. Our experience and presence make your world
safer.