Volvo Trucks

Type
Internal restructuring
Country
Sweden
Region
Norra Sverige; Övre Norrland; Västerbottens län
Location of affected unit(s)
Umea (Västerbotten)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
400 jobs
Number of planned job losses
Job loss
Announcement Date
27 November 2023
Employment effect (start)
27 November 2023
Foreseen end date

Description

The Swedish truck and car manufacturer Volvo has announced that they will be laying off 400 temporary agency workers at their truck-manufacturing factory in Umeå, Västernorrland. The reason given by the company is that it will reduce shifts from four to two starting 2024. According to the company, no company employees will be affected at this stage.

These layoffs come as a continuation of layoffs at the Volvo Car’s factory back in Volvo Cars 2023 - SwedenMay, and are expected to start immediately.

Volvo Trucks currently employs 77 employees at their factory in Umeå, whilst the Volvo Group employs 95,000 employees globally.

Sources

  • 27 November 2023: AB Volvo säger upp 400 bemanningsanställda i Umeå (www.di.se)

Citation

Eurofound (2023), Volvo Trucks, Internal restructuring in Sweden, factsheet number 200572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200572.