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
250 jobs Number of planned job losses
Announcement Date
8 October 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2010
Description
Volvo, the Swedish car manufacturer, announced that 250 jobs will be lost at the plant of Gent. However, according to the management no redundancy is planned and the suppresion of jobs would be taking place through a measure of non replacement of staff about to retire. This internal restructuring is part of a global restructuring plan caused by an important decrease in demand.
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