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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
350 jobs Number of planned job creations
Announcement Date
11 October 2015
Employment effect (start)
Foreseen end date
Description
Chinese car manufacturer Geely is planning extensive investments in its development subsidiary CEVT in Gothenburg, Sweden. The business expansion is expected to result in 350 new positions at CEVT. CEVT CEO Mats Fägerhag says that the investments will mean a substantial increase in the number of employees, as well as the opportunity to enter into further agreements with Swedish-based industrial manufacturers such as SKF, Autoliv and Semcon. Fägerhag further says that CEVT currently develops complete solutions for several passenger car models on behalf of Geely. The first models will be presented in 2016. He adds that the current number of employees is about 1,400, and that 350 more (mostly engineers) are planned for.
Sources
11 October 2015: Dagens Industri
Citation
Eurofound (2015), CEVT, Business expansion in Sweden, factsheet number 85112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85112.
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