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 Cars has announced plans to hire 400 new engineers. Most of the new staff will be placed in Gothenburg in the Volvo Cars R&D office, but 35 will be placed in Lund in a brand new R&D centre.
The aim of the expansion is to increase the capacity for software development. Much attention will be paid to the development of self-driving cars (in collaboration with Uber), active security and electrification. A spokesperson for the company described the expansion as 'the biggest recruitment campaign in the company's 89-year history'.
Eurofound (2016), Volvo Cars, Business expansion in Sweden, factsheet number 88407, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88407.