The cutback, said the company, is in reaction to current conditions in its various markets.

No specific cuts were announced for Trelleborg Wheel Systems, which the company said “continues to develop favorably. The market for tractor tires continues to develop toward increasingly larger tires, in which Trelleborg has an extremely strong position and the business area is capturing market share. In line with the downturn in the global industry, a downturn is expected in the market for solid industrial tires. However, this segment will benefit from the long-term structural growth connected with increased global trade.”

Hardest hit will be Trelleborg’s automotive division, which will see employment rolls cut by some 2,400, or 25% of the unit’s total employment. (Tire Review/Akron)