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 29.3 - Manufacture of parts and accessories for motor vehicles
900 jobs Number of planned job losses
Announcement Date
11 November 2008
Employment effect (start)
Foreseen end date
11 May 2009
Description
Volvo Powertrain, which manufactures diesel engines, has given redundancy notice to 900 employees at three units in Sweden: Skovde, Koping and Gothenburg. This is as a result of decresing customer demand. 700 of the employees are blue-collar workers and 200 are white-collars. Production volume is to be readjusted to meet market demand. Negotiations with the trade unions were initiated on the 11th November and will be ongoing for six months before any measures can be taken. However, the employees affected by the redundancy notice have to be informed by 31 March 2009 at the latest.
Volvo Powertrain is the world’s largest producer of heavy diesel engines in the 9-18 litre classes. The business unit coordinates Volvo Powertrain's operations and supplies the Volvo Group’s business areas with integrated powertrain systems comprising diesel engines, transmissions and driveshafts. Volvo Powertrain has about 6,300 employees with the majority of them working in production and the rest in product development and administration.
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