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.
Umea and Gothenburg (Sweden), Ghent (Belgium), (Blainville) France
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
900 jobs Number of planned job losses
Announcement Date
16 October 2013
Employment effect (start)
17 October 2013
Foreseen end date
17 October 2015
Description
Swedish vehicle manufacturer Volvo Group is to cut 900 jobs. The company announced a cost-cutting restructuring plan for its European truck manufacturing operations.
In detail, over the next two years, the company intends to restructure its cab trim operations in Umea and Gothenburg, Sweden which will also have an effect on Volvo’s operations in Blainville, France and Ghent, Belgium.
As announced, 500 - 700 are expected in Sweden (see here).
Sources
16 October 2013: Bloomberg
16 October 2013: Volvo Group (press release)
Citation
Eurofound (2013), Volvo Trucks, Internal restructuring in European Union, factsheet number 76057, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76057.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
