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 Trucks, manufacturer of trucks, has decided to let go of 260 temporary agency workers at the production plant in Tuve, Göteborg, due to weakening market demand. The production at the plant was extended to three working shifts this autumn, which prompted the hiring of some 300 temporary agency workers. As the third shift is now cancelled, 260 of these workers are let go. Approximately 1,800 employees work at the plant.
The adjustment of the production capacity is a part of a European program and will also affect operations in France and Belgium. Company officials expect that the production rate at the Tuve plant will not drop further. Union representatives point out that the unions were skeptical to the earlier increase in production, and see the current actions as a result of that premature decision. Earlier employment effects at Volvo Trucks are covered in fact sheets 15841, 15456, 15296, 15027, 14583, 11990, 11727, 13703, 9997.
Volvo Trucks is a part of the Volvo Group, Sweden’s largest company by revenue and one of the world’s largest manufacturers of trucks, buses, and drive systems.
The reduced production capacity will be effective January 2013.
Eurofound (2012), Volvo Trucks, Internal restructuring in Sweden, factsheet number 74614, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74614.
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