Volvo

Type
Closure
Country
Germany
Region
Baden-Württemberg; Stuttgart; Heilbronn, Stadtkreis
Location of affected unit(s)
Heilbronn
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
150 jobs
Number of planned job losses
Job loss
Announcement Date
14 June 2005
Employment effect (start)
31 October 2005
Foreseen end date
31 October 2005

Description

Volvo has announced the closure of its bus factory in Heilbronn. Volvo Heilbronn has produced 90 busses per year, fewer than the planned 300. Efforts to sell the factory proved unsuccesful. Trade union IG Metall said it was satisfied with the redundancy programme that foresees the possibility of transfers into a job creation company (Beschäftigungsgesellschaft).

Sources

  • 15 June 2005: sueddeutsche.de

Citation

Eurofound (2005), Volvo, Closure in Germany, factsheet number 61762, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61762.