Volvo Trucks

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Umea, Gothenburg (Sweden), Ghent (Belgium), Blainville (France)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
900 jobs
Number of planned job losses
Job loss
Announcement Date
16 October 2013
Employment effect (start)
17 October 2013
Foreseen end date
17 October 2015

Description

Swedish vehicle manufacturer Volvo Group is to cut 900 jobs. The company announced a cost-cutting restructuring plan for its European truck manufacturing operations.

In detail, over the next two years, the company intends to restructure its cab trim operations in Umea and Gothenburg, Sweden which will also have an effect on Volvo’s operations in Blainville, France and Ghent, Belgium.

As announced, 500 - 700 are expected in Sweden (see here).

Sources

  • 16 October 2013: Bloomberg
  • 16 October 2013: Volvo Group (press release)

Citation

Eurofound (2013), Volvo Trucks, Internal restructuring in European Union, factsheet number 76057, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76057.