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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
350 jobs Number of planned job losses
Announcement Date
19 November 2012
Employment effect (start)
Foreseen end date
Description
Volvo Construction Equipment (CE), one of the world’s largest manufacturers of construction machines, has announced reductions of 350 employees due to decreasing demand. The job losses are distributed on 320 blue-collar and 30 white-collar workers. The reductions will affect all production sites in Sweden with 100 jobs lost in Hallsberg, Braås, and Arvika and the remaining 50 jobs lost in Eskilstuna.
Volvo CE was forced to reduce staff levels after the crisis in 2008, this and other earlier employment effects are covered in fact sheets 15109, 13696, 11712. Volvo CE is part of the Volvo group, Sweden’s largest company by revenue.
As of November 2012, there is no information about when the employment effects will start taking effect or when they will be implemented by.
Sources
19 November 2012: Aftonbladet
Citation
Eurofound (2012), Volvo Construction Equipment, Internal restructuring in Sweden, factsheet number 74529, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74529.
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