Restructuring events
European Restructuring Monitor (ERM)
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.
Volvo Bus Corporation, manufacturer of large buses and coaches, has announced that it is closing down its facility in Säffle and will concentrate its manufacturing at the Polish facility in Wroclaw. The closure will affect 330 workers as well as some 60 consultants. The company will retain its technical support department in Säffle, which amounts to some 50 positions. The planned restructuring implies that production in Säffle will be terminated at the end of June 2013.
The decision follows weak market developments and tough competition in Europe. It is reported that the expectation of focusing all production on the much larger plant in Poland is to achieve economies of scale, which are said to be necessary to tackle the increasingly tough competition. The plant in Poland has four times the capacity of the one in Säffle.
Volvo Bus Corporation is part of the Volvo Group.
Eurofound (2012), Volvo Bus Corporation, Offshoring/Delocalisation in Sweden, factsheet number 74232, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74232.