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 - Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
No information on job gains number available
Announcement Date
19 July 2018
Employment effect (start)
1 July 2018
Foreseen end date
Description
Volvo is a car manufacturer headquartered in Sweden which manufacture in its plants widespread among Europe, China and the US. In July 2018, the company decided to back-shore the production of the Volvo XC60 addressed to the US market from China to Sweden. More specifically, the production was moved to the Torslanda plant that already assembled the product for the European market. The relocation decision was the consequence of the tariffs imposed by the USA on Chinese imports of automotive products. The Chinese factory will continue to realize the product for other markets, including the European one.
Eurofound (2018), Volvo car, Reshoring in Sweden, factsheet number 35, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/35.
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