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 Other Transport Equipment 30 - Manufacture of other transport equipment
160 jobs Number of planned job losses
Announcement Date
9 June 2009
Employment effect (start)
3 October 2010
Foreseen end date
Description
On 9 September, Volvo Aero, which develops and produces components for aircraft, rocket and gas turbine engines with high technology content, announced it will decrease the workforce at its Trollhättan location by 160 employees. The notices of reductions are due to the decreasing demand for airplanes and airplane components. The internal restructuring results in 160 job reductions and affects academics. Negotiations with the Trade Union have started and are ongoing. Volvo Aero is a wholly owned subsidiary of AB Volvo.
Sources
9 June 2009: Dagens Industri
Citation
Eurofound (2009), Volvo Aero, Internal restructuring in Sweden, factsheet number 69442, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69442.
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