Stockholm - Swedish group Husqvarna, a leading maker of chainsaws, lawnmowers and other garden equipment, issued a profit warning Tuesday and announced it would cut 850 jobs.
The move was due to a drop in demand in North America and Europe, the group said.
"The third quarter marks the end of the gardening season, and the effect of a weak season has a strong impact on this quarter," chief executive Bengt Andersson said in a statement.
Andersson added that "we have also noted greater caution on the part of our professional customers, especially in the construction industry."