EMCC European Monitoring Centre on Change

Volvo Business Services

Company/Organisation:
Volvo Business Services

Geographic Location

Country: Poland
Region: Miasto Wroclaw; Dolnoslaskie; Poludniowo-Zachodni
Location of affected unit(s): Wrocław

Company

Sector: Professional services
Legal, accounting, management, architecture, engineering, technical testing and analysis activities
69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
Number Employed: 50
Group: The Volvo Group

Employment Effects

Announcement Date: 20-04-2005
Type of Restructuring: Business expansion
Planned Job Creation: 500

Additional Information

Volvo Business Services plans to hire more economists and IT specialists in Wrocław (Dolnośląskie). Technicians will program and service computers also in Sweden, while economists will do bookkeeping for all Volvo’s factories Europe. Hans Nordström of Volvo Business Services declares that Polish economists are four times cheaper than the Swedish ones. Volvo’s spokesman Mårten Wikforss concludes that low wages in Poland create profits for the whole concern and therefore have impact on development and employment in Sweden. On May 2005, Gazeta Wyborcza informed that the company wants to hire 500 people in the Wrocław centre. It was revealed that Volvo will benefit from nearly PLN 2 million donations from Polish State. The company will also receive land tax-exempt and donation from the Labour Office. Altogether planned help will amount to PLN 9.7 million.