EMCC European Monitoring Centre on Change

Volvo Personvagnar

Company/Organisation:
Volvo Personvagnar

Geographic Location

Country: Sweden
Location of affected unit(s): Göteborg, Skövde and Olofström

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 25553
Group: Ford

Employment Effects

Announcement Date: 17-08-2007
Planned Job Reductions min: 250
Planned Job Reductions max: 250
Type of Restructuring: Internal restructuring
Employment Effect Start: 03-09-2007
Foreseen End Date: 30-11-2007

Additional Information

Volvo, the multi-national manufacturer of motor vehicles, is to cut 250 jobs across Sweden. The sites that are to be affected by the restructuring are Göteborg, Skövde and Olofström. There is no news as of August 2007 as to the number of job losses that will affect each plant, but it is expected that the job losses are to implemented by the end of November 2007. It is also expected that employees over the age of 55 who are affected by the restructuring will be offered voluntary retirement packages.