Type
Relocation
Country
Sweden
Region
Övre Norrland;
Location of affected unit(s)
Umeå
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29 - Manufacture of motor vehicles, trailers and semi-trailers

350 jobs
Number of planned job losses
Job loss
Announcement Date
17 November 2014
Employment effect (start)
Foreseen end date

Description

Swedish Volvo Trucks, part of the Volvo Group, will cut 350 jobs from its site in Umeå as production is relocated to the company's facility in Tuve, Gothenburg.  

The relocation was initially estimated to require the cutting of 500 jobs but the number has decreased due to Volvo Trucks' efforts to naturally remove positions by offering its employees early retirement and severance pay.

The ERM has reported on previous restructuring events at Volvo Trucks in Sweden in 2008a2008b20092010a,2010b2010c2010d20122013a2013b, and 2014.


Sources

  • 17 November 2014: Västerbottenskuriren

Citation

Eurofound (2014), Volvo Trucks, Relocation in Sweden, factsheet number 77874, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77874.