EMCC European Monitoring Centre on Change

Volvo Trucks

Company/Organisation:
Volvo Trucks

Geographic Location

Country: Sweden
Location of affected unit(s): Tuve (Gothenburg) and Umeå

Company

Sector: Manufacturing
Manufacture of transport equipment
29 - Manufacture of motor vehicles, trailers and semi-trailers
Number Employed: 6100
Group: Volvo Group

Employment Effects

Announcement Date: 30-09-2008
Planned Job Reductions min: 3055
Planned Job Reductions max: 3055
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-02-2009
Foreseen End Date: 26-01-2010

Additional Information

Volvo Truck Corporation is the second largest producer of heavy trucks and transport solutions within the entire truck industry. Volvo Trucks supplies the haulage industry with complete transportation solutions. The job cuts at the units in Tuve and Umeå are due to a decreasing demand. The total number of job cuts represents four separate dismissals: the first dismissals took place in September 2008 (980 employees affected, see factsheet no 11727), the second one in October 2008 (400 employees affected, see factsheet no 11990) , then in January 2009 (1020 employees affected) and the most recent in April 2009 (655 employees affected).