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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
350 jobs Number of planned job losses
Announcement Date
17 November 2014
Employment effect (start)
Foreseen end date
Description
Swedish Volvo Trucks, part of the Volvo Group, will cut 350 jobs from its site in Umeå as production is relocated to the company's facility in Tuve, Gothenburg.
The relocation was initially estimated to require the cutting of 500 jobs but the number has decreased due to Volvo Trucks' efforts to naturally remove positions by offering its employees early retirement and severance pay.
Eurofound (2014), Volvo Trucks, Relocation in Sweden, factsheet number 77874, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77874.
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