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 - Manufacture of machinery and equipment n.e.c.
New offshoring locations
100 - 150 jobs Number of planned job losses
Announcement Date
13 November 2014
Employment effect (start)
Foreseen end date
Description
Swedish construction equipment manufacturer Volvo Construction Equipment plans to cut 100-150 jobs at its sites in Braås, Hallsberg, Arvika and Eskilstuna. The cuts will affect both white and blue collar workers as the company shifts production of loaders to facilities in China.
The shift of production is part of a large savings program which affects the entire Volvo Group.
Volvo Construction Equipment employs a total of 14,000 people world-wide.
The ERM has reported on previous restructuring events at Volvo Construction Equipment in 2008, 2009, 2010, 2012, 2014a and 2014b.
Sources
13 November 2014: Göteborgsposten
Citation
Eurofound (2014), Volvo Construction Equipment, Offshoring/Delocalisation in Sweden, factsheet number 77873, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77873.
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