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 - Manufacture of motor vehicles, trailers and semi-trailers
3,055 jobs Number of planned job losses
Announcement Date
30 September 2008
Employment effect (start)
1 February 2009
Foreseen end date
26 January 2010
Description
Volvo Truck Corporation is the second largest producer of heavy trucks and transport solutions within the entire truck industry. Volvo Trucks supplies the haulage industry with complete transportation solutions. The job cuts at the units in Tuve and Umeå are due to a decreasing demand. The total number of job cuts represents four separate dismissals: the first dismissals took place in September 2008 (980 employees affected, see factsheet no 11727), the second one in October 2008 (400 employees affected, see factsheet no 11990) , then in January 2009 (1020 employees affected) and the most recent in April 2009 (655 employees affected).
Sources
14 January 2009: Dagens Industri
14 January 2009: Svenska Dagbladet
Citation
Eurofound (2008), Volvo Trucks, Internal restructuring in Sweden, factsheet number 68967, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68967.
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