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
600 jobs Number of planned job creations
Announcement Date
27 May 2011
Employment effect (start)
30 May 2011
Foreseen end date
7 November 2011
Description
Volvo Cars Cooperation is in the process of hiring some 600 production workers across different locations: 250 in Torslanda, 200 in Olofström, 100 in Gent and 75 in Skövde and Floby. The new recruits will produce the models XC60, V60 and S60. The company began to create new jobs for engineers in March 2011 (17374).
Volvo has seen an increase in sales in recent months and made a profit of 2,3 billion SEK 2010 (approximately 260 million €).
Sources
27 May 2011: Di.se
Citation
Eurofound (2011), Volvo Car Corporation, Business expansion in Sweden, factsheet number 72043, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72043.
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