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.
Swedish company Volvo Trucks, a subsidiary of car maker Volvo, will cut 180 jobs on its site in Tuve. The proposed job cuts are in the area of production.
These reductions are part of the Volvo group's global restructuring process to enhance efficiency and competitiveness. The restructuring will be completed by the end of 2015.
The redundancies will be made on a voluntary basis and the company will offer early retirement and severance pay to employees. According to the source, approximately 120 employees are expected to take early retirement. The source reports that an additional 125-140 temporary employees will be made redundant before the summer.
The ERM has reported on previous restructuring events at Volvo Trucks in Sweden in 2008a, 2008b, 2009, 2010a, 2010b, 2010c, 2010d, 2012, 2013a and 2013b.
Eurofound (2014), Volvo Trucks, Internal restructuring in Sweden, factsheet number 76846, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76846.