Volvo Trucks

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Tuve
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.2 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
29.20 - Manufacture of bodies and coachwork for motor vehicles; manufacture of trailers and semi-trailers
150 jobs
Number of planned job losses
Job loss
Announcement Date
5 June 2019
Employment effect (start)
1 September 2019
Foreseen end date

Description

Swedish trailer manufacturer Volvo Trucks plans to dismiss 150 employees at its Tuve factory starting after the summer. The company maintains that the job losses are due to a decrease in the demand trends from the North American and European markets. The production is projected to go down from 30 to 16 trucks per night shift. The dismissals concern temporary employees and employees hired through employment agencies.

Sources

Citation

Eurofound (2019), Volvo Trucks, Internal restructuring in Sweden, factsheet number 98048, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98048.