The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture Of Motor Vehicles
400 jobs Number of planned job losses
Announcement Date
27 November 2023
Employment effect (start)
27 November 2023
Foreseen end date
Description
The Swedish truck and car manufacturer Volvo has announced that they will be laying off 400 temporary agency workers at their truck-manufacturing factory in Umeå, Västernorrland. The reason given by the company is that it will reduce shifts from four to two starting 2024. According to the company, no company employees will be affected at this stage.
These layoffs come as a continuation of layoffs at the Volvo Car’s factory back in Volvo Cars 2023 - SwedenMay, and are expected to start immediately.
Volvo Trucks currently employs 77 employees at their factory in Umeå, whilst the Volvo Group employs 95,000 employees globally.
Sources
27 November 2023: AB Volvo säger upp 400 bemanningsanställda i Umeå (www.di.se)
Citation
Eurofound (2023), Volvo Trucks, Internal restructuring in Sweden, factsheet number 200572, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200572.
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