Garden tool maker Husqvarna hit by weak demand, announces more job cuts ...Middle East

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Garden tool maker Husqvarna hit by weak demand, announces more job cuts
A Husqvarna robotic lawn mower is placed in its docking station in the Humlegarden park in Stockholm, Sweden July 21, 2018. REUTERS/Anna Ringstrom Acquire Licensing Rights Oct 20 (Reuters) – Swedish garden equipment and tools maker Husqvarna (HUSQb.ST) reported third-quarter revenue below market expectations on Friday, citing lower demand and weaker market conditions, and said it will cut about 300 more jobs as part of a cost-cutting programme. The world’s biggest maker of gardening power tools posted revenue of 10.51 billion crowns ($959.20 million) for the quarter, below the LSEG estimate of 11.72 billion crowns and down from 12.21 billion crowns a year earlier. Husqvarna said ma

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