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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
1,000 jobs Number of planned job creations
Announcement Date
29 March 2011
Employment effect (start)
30 March 2011
Foreseen end date
30 August 2011
Description
Volvo Cars Cooperation has recently experienced a period of strong growth and will recruit about 1,000 new jobs in Gothenburg and another 200 in Gent. Most of the new jobs (about 900) will be for engineers in research and development. The company intends to expand its operations to enable the development of highly competitive and fuel efficient products and technologies. In particular, Volvo is seeking to build expertise in electric cars. According to the company, the recruitment is among the largest in the history of Volvo.
However, on 25 August 2011 Volvo representatives announced that the company is struggling to recruit the 1000 engineers due to housing shortage in Gothenburg. Only 400 of 1000 engineers are expected to have been recruted by the end of 2011.
Sources
25 August 2011: Dagens Industri
29 March 2011: Di.se
Citation
Eurofound (2011), Volvo Car Corporation, Business expansion in Sweden, factsheet number 71805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71805.
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