- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
May 21, 2012
Volvo Cars to shed 1,200 jobs in Sweden
Published: 25 Jun 08 12:50 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/12642/20080625/
Volvo Cars has given notice to 1,200 employees who will soon lose their jobs, primarily in Gothenburg and Olofström in southern Sweden.
- Jail for heads of massive sex trafficking ring (14 May 12)
- Man crashes car, jumps in river with victim (11 May 12)
- ‘Sleeping’ patient was actually dead (3 May 12)
A contract with around 500 consultants will also be terminated, according to the company.
The redundancies includes 1,105 people at Volvo Cars in Gothenburg, 50 people at the Olofström body component manufacturing facility, and 45 people from the Volvo Personbilar Sverige marketing company.
The third shift at the Torslanda factory near Gothenburg, which includes 600 people, is included in the notice.
When staff was informed of the move, production at the Torslanda factory stopped for six minutes.
Employees took the news hard.
“People are worried that we are next. This is anything but a normal situation for us at Volvo Cars. Now management is clearly taking a tougher line,” said Mikael Sällström, head of the IF Metall union branch at Volvo Cars, to the TT news agency.
The reduction in personnel ranks by 1,400 white collar workers (including consultants) and 600 workers employed under a collective wage agreement is part of a large cost savings program which is designed to reduce costs by 4 billion kronor ($661 million). The program will include additional staff reductions.
Additional work to overhaul the organization will continue through the autumn and is expected to be completed by the end of the year.
Among other things, Volvo plans utilize various partners in order to encourage staff to quit voluntarily or seek positions with other employers.
“We have to meet these worsening market conditions, primarily in the American market. The market’s contribution to covering Volvo Cars’ total costs is, at the present time, too little,” said Fredrik Arp, CEO for Volvo Cars, in a statement.
He sees Wednesday’s decision as a “difficult but necessary measure to reach a better financial position”.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Sweden drifting from 'Swedish model': report
Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (10 COMMENTS) »
Swedish printer in South Africa banknote fiasco
An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (2 COMMENTS) »
Construction workers see fewer inspections
Sweden's work environment watchdog has made ten percent fewer inspections on construction sites over the past seven years, despite twice as many work-site employees since 2007. READ (1 COMMENT) »
Ikea bosses sacked over France spying scandal
Ikea is sacking four managers at its French subsidiary following allegations that they spied on employees and customers using an illegal police database, the Swedish home furnishing retailer announced on Friday. READ (1 COMMENT) »
Boob burns not bikini-related: Swedish retailer
The manufacturer of the bikini suspected of having caused severe bust-line burns on a Swedish woman claims that test results reveal the beach garment is not responsible for the woman's scorched skin. READ (5 COMMENTS) »
Firm sued over Facebook 'threats' sacking
Swedish trade union Unionen has opened legal action against a firm from Piteå in northern Sweden on behalf of two employees fired after posting "threatening" comments against a manager on Facebook. READ (2 COMMENTS) »
Swedes' pension hopes tied to Facebook IPO
Close to 3 million Swedes will be watching the upcoming stock market debut of Facebook with added interest after news emerged Thursday that a major Swedish pension fund planned to invest in the social networking site. READ (6 COMMENTS) »
IMF warns Swedish economy 'vulnerable'
The growth of the Swedish economy is vulnerable due to its exposure to weak European economies, International Monetary Fund wrote in a report released on Tuesday. READ (9 COMMENTS) »
Astra Zeneca slashes 400 more jobs in Sweden
Another 400 jobs will be cut from Anglo-Swedish pharmaceutical manufacturer Astra Zeneca, the company has announced, with the majority of the redundancies in Södertälje, south of Stockholm. READ »
Patient blackmails doc after affair turns sour
A doctor in southern Sweden has reported a woman to the police after she blackmailed him for over one million kronor ($149,059) following their love affair. READ (3 COMMENTS) »
- 14/05 Swedish union plea to Obama: 'help save Saab' (6 comments) »
- 11/05 PEAB founder freed in arena bribery scandal (2 comments) »
- 10/05 Skanska profits double but fail to beat forecasts (2 comments) »
- 10/05 Drunken airline pilot stopped at Arlanda (14 comments) »
- 09/05 H&M defends bikini ad amid skin cancer worries (7 comments) »
- 09/05 Illegal trash exports from Sweden put Africa at risk (7 comments) »
- 08/05 'Chinese Saabs' soon to hit showrooms: report (2 comments) »
- 08/05 Swedish porn king: 'I am terrified of women' (11 comments) »
- 07/05 Swedes set for virtual gift card competition »
- 07/05 Swedish sperm becomes 'bestseller' in China (5 comments) »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
| 21/05 | Head of Service Area, Northern Europe Hilti Svenska AB |
Glasgow |
| 21/05 | Accountant / Analyst Boston Consulting Group |
Stockholm |
| 21/05 | Country Manager Sweden - Falck TravelCare Falck TravelCare AB |
Stockholm |
| 21/05 | Business Developer Bureau Veritas Certification Sverige AB |
Göteborg |
| 21/05 | Java based Software Engineer (big data) - Videoplaza VideoPlaza |
STHM |
| 21/05 | Bid Manager for Outsourcing Solutions to ManpowerGroup Experis IT |
STHM |
| 21/05 | Software Development Engineer in Test- Windows Phone - Skype Microsoft |
Stockholm |
| 21/05 | Solution Verification Engineer Ericsson |
Göteborg |
| 21/05 | Assistant Trustee Manager -- Officer/ AVP (Based in Stockholm) J.P. MORGAN LIMITED |
Sweden |
| 21/05 | Risk Controller Klarna |
Stockholm |
- 21/05 Germans tip-top for generosity on holiday »
- 21/05 Central Bank: there is no 'Plan B' for Greece »
- 19/05 Merkel denies suggesting Greek vote on euro »
- 19/05 Metalworkers get pay rise, vow to take on Opel »
- 18/05 Merkel ally: 'Eurozone could handle Greek exit' »
- 18/05 EU agrees on growth and austerity mix ahead of G8 »
- 16/05 Greeks and Spanish flee to Germany in job hunt »
- 16/05 Freelancers fight forced pension plan »
- 15/05 German investor confidence tumbles »
- 15/05 'Made in Germany' goods help dodge recession »
- 17:49 What do you do...
- 17:31 Can't remember phone lock code!
- 17:19 Registering children at skatt
- 17:12 Convincing parents about moving to Sweden
- 16:52 Peking konstnären Liu Baojie
- 16:51 Query regarding EHIC working in denmark
- 15:46 Dating a Swedish Girl?
- 15:37 Job Offer - Moving from UK to Sweden with Fiance
- 15:19 When to prune a plum tree in Sweden?
- 14:31 Java jobs in Sweden
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the Swedish and the international market.
www.swedishdowntown.com
Comfortable Fully Serviced Apartments for Leisure or Business Travel Beautiful surroundings. Internet & Sat TV
www.oldriverhouse.se
Volunteer Venture is dedicated to promoting community tourism by welcoming volunteers and travelers to discover the cultural differences in Nepal as English teaching volunteers, orphanage volunteers, Monk teachers and many more
www.volunteerventure.org/
