Restructuring events
European Restructuring Monitor (ERM)
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.
Volvo Information Technology has dismissed 218 employees at its unit in Göteborg. 290 employees were originally given notice, but after negotiations only 218 left the company.
Volvo Information Technology AB is a subsidiary of Volvo. The company delivers IT solutions and services for the whole industrial process, including IT operations and infrastructure. In 2008, Volvo IT's global operations generated a turnover of SEK 8.7 billion and the company had more than 5,300 employees in Europe, North America, South America and Asia.
Eurofound (2009), Volvo IT, Internal restructuring in Sweden, factsheet number 69150, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69150.