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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
120 jobs Number of planned job creations
Announcement Date
27 February 2023
Employment effect (start)
27 February 2023
Foreseen end date
31 December 2023
Description
The Swedish manufacturer Volvo has announced an investment in Kraków, Poland, and a recruitment campaign for 120 positions. As part of Volvo's most recent objectives, prioritising innovation in software, it will open a large technology centre in Kraków, one of four in the world. The Volvo Cars Tech Hub will be launched by the end of 2023 and will be responsible for safety technologies, driver support algorithms and autonomous driving software. Employment in the centre is ultimately expected to rise to around 600 people by 2025.
The Volvo Car Corporation has so far operated three Tech Hub research and development centres: two in Sweden and one in India. The company also has large engineering centres in China and Sweden. Volvo aims to be an exclusively electric car manufacturer by the year 2030.
Eurofound (2023), Volvo Cars, Business expansion in Poland, factsheet number 108581, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108581.
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