Volvo

Type
Internal restructuring
Country
Belgium
Region
Vlaams Gewest; Prov. Oost-Vlaanderen; Arr. Gent
Location of affected unit(s)
Gand
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
20 September 2005
Employment effect (start)
1 December 2005
Foreseen end date

Description

On 20 September 2005 Volvo Cars announced its intention to cut 150 jobs at its factory in Gand by the end of 2005. High energy prices and a weak dollar are reasons evoked for the decision.

Sources

Citation

Eurofound (2005), Volvo, Internal restructuring in Belgium, factsheet number 62297, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62297.