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.
Due to signs of increasing demand, Volvo Trucks is rehiring 159 employees in its lacquering unit in Umeå. After struggling with low order volumes for some time, the company has in February experienced increases of 27% in orders. Volvo Trucks is now preparing for increasing production volumes in Q2 by rehiring 159 of the employees made redundant. Some 240 employees have previously been rehired (see related fact sheet 15027).
Update
The Swedish truck manufacturer Volvo Trucks has announced on Novemeber 11 2010 it will permanently employ 380 fixed term workers during the beginning of 2011. The positive result of the facilities in Umeå, Sweden, has led to the employment of 580 fixed term workers. Of these, 380 will be permanently employed.
See related factsheets: 16502
Eurofound (2010), Volvo Trucks, Business expansion in Sweden, factsheet number 70354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70354.
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