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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72.19 - Other research and experimental development on natural sciences and engineering
200 jobs Number of planned job creations
Announcement Date
20 February 2013
Employment effect (start)
20 February 2013
Foreseen end date
31 December 2013
Description
Geely Holding, majority owner of Volvo Car Corporation and Geely, will employ 200 full-time engineers from Sweden and China to a new research and development centre in Gothenburg. The centre will develop a new modular architecture and set of components for future C-segment cars, addressing the needs of both Volvo Cars and Geely.
The R&D Centre will be located in Lindholmen Science Park. Recruitments of engineers are ongoing and the centre will be fully operational towards the end of 2013.
Sources
20 February 2013: svt
20 February 2013: Geely (press release)
Citation
Eurofound (2013), Geely Holding, Business expansion in Sweden, factsheet number 74948, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74948.
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