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.
Due to signs of increasing demand, Volvo Trucks is to create 240 jobs in its lacquering unit in Umea. Lacquering of plastic car parts was previously carried out by a company in Belgium. As of January 2010, there is no information about when the jobs will be created.
Volvo Trucks has announced a number of restructuring plans in Sweden over the last year. This is the second case of business expansion since the beginning of the recession. See related fact sheets 14583, 11990 and 11727.
Update
The Swedish truck manufacturer Volvo Trucks has announced on Novemeber 11 2010 it will permanently employ 380 fixed term workers during the beginning of 2011. The positive result of the facilities in Umeå, Sweden, has led to the employment of 580 fixed term workers. Of these, 380 will be permanently employed.
See related factsheets: 16504
Eurofound (2010), Volvo Trucks, Business expansion in Sweden, factsheet number 70120, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70120.
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