Volvo Aero

Type
Internal restructuring
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Trollhättan
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
249 jobs
Number of planned job losses
Job loss
Announcement Date
20 January 2009
Employment effect (start)
20 January 2009
Foreseen end date
1 March 2010

Description

Volvo Aero, which develops and produces components for aircraft, rocket and gas turbine engines, is reducing its workforce in Trollhättan by 249 employees. The restructuring is the result of decreasing demand for airplanes and airplane components due to reduced airtravelling. 29 of the job reductions will be implemented via retirements.

Sources

  • 21 January 2009: Dagens Industri
  • 21 January 2009: Svenska Dagbladet

Citation

Eurofound (2009), Volvo Aero, Internal restructuring in Sweden, factsheet number 68707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68707.