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
250 jobs Number of planned job losses
Announcement Date
15 January 2024
Employment effect (start)
12 June 2024
Foreseen end date
31 July 2024
Description
The Swedish truck and car manufacturer, Volvo Trucks, announced that they might need to lay off around 200 staff members, due to lower sales and a decrease in production. The reason is a reduced demand for new vehicles. The affected factory in Gothenburg is said to reduce production by 10 percent.
The Trade Union IF Metall has been appointed to take part of the cooperation negotiations.
UPDATE: 12/03/2024
Volvo Trucks has announced that they will dismiss 250 employees from their factory in Gothenburg, Sweden due to a lower production rate. The dismissals will mainly affect consultants and fixed-term employees.
Volvo Trucks currently employs 2,800 employees at their factory in Tuve, Gothenburg, whilst the Volvo Group employs 95,000 employees globally.
Previous restructuring measures at Volvo in Sweden, over the last two years, are layoffs at the Volvo Trucks factory in Umeå, 2023 Volvo Trucks 2023 - Sweden and layoffs at the Volvo Car's factory in Gothenburg Volvo Cars 2023 - Sweden.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
