The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Volvo to layoff some 500 workers in Umeå

Thursday, 25 April 2013
The Swedish the truck maker Volvo is to get ride of some 500 employees in its Umeå operation if parts of the cab production moves to another plan in Tuve, near Gothenburg. The decision will be made after the summer.

The Volvo plant in Umeå manufactures truck cabs and employs some 2,000 employees. About 500 of them are employed in what Volvo calls the "assembly". The work is described as basically about mounting the decor of the cabins that are manufactured in Umeå.

In Volvo's drive to strengthen, its competitiveness - a study that will be done "after the summer" - includes the proposal to move that assembly to the Tuve production centre in Gothenburg.

"If it gets the go ahead, that will involved about 500 of the 2,000 employees, "said Kina Wileke, head of Volvo's media relations reports various Swedish media sources.
by Scancomark.com Team

We welcome your contribution. Did you find anything wrong with this article? Do you want to contribute to our news network? Do have a news tip or assist us with a correction