Volvo Car Corporation

Type
Business expansion
Country
Sweden
Region
Location of affected unit(s)
Torslanda, Olofström, Floby, Skövde
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
600 jobs
Number of planned job creations
Job creation
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://apps.eurofound.europa.eu/restructuring-events/detail/72043.