Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2005), Volvo Business Services, Business expansion in Poland, factsheet number 61448, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61448.
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