- Sweden edition
- Change edition:
- France |
- Germany |
- Norway |
- Switzerland
May 25, 2012
Volvo Group cancels some layoffs as other jobs are cut
Published: 10 Jun 09 07:20 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/19978/20090610/
Sweden's Volvo Group announced plans on Tuesday to cut 160 white collar jobs at its aeronautics arm while at the same time more than 300 other workers were told their jobs had been spared.
- Volvo Group cancels planned layoffs after union deal (29 May 09)
- Factory workers boo Volvo Group CEO (29 Apr 09)
- Volvo Group finishes 2008 with huge loss (6 Feb 09)
"Our volumes are decreasing, both in production and product development, while at the same time we need to manage our cost situation," he said.
But the news was better for 335 workers at Volvo's truck division who can now keep their jobs after a deal with the IF Metall union that will see working hours at a plant cut by 10 percent and salaries by four percent instead.
Volvo struck a similar deal in May that allowed the company to cancel a further 600 layoffs.
The Swedish company, which makes trucks, buses and construction equipment, issued a notice to just over 1,500 employees on April 22, saying they would lose their jobs owing to the collapse in global demand for its products.
The Gothenburg-based company posted a net loss of 4.23 billion kronor ($514 million) for the three months ended March 31, down from a profit of 4.20 billion kronor a year earlier.
What do you think? Leave your comment below.
Fark It!
Digg This
Share everywhere
Send to a friend
Printable version
Twitter This
Police suspect theft after surprise cash 'windfall'
A woman is suspected of theft after she dropped a stash of 1,000 kronor ($140) banknotes in southern Sweden and then fled the scene, while local residents rushed in to gather the loot that was blowing in the wind. READ (3 COMMENTS) »
Cheap Norway nappies smuggled via Sweden
A gang of Lithuanian diaper smugglers is using Sweden as a transit country to ferry cheap nappies bought in Norway for resale at a stiff markup in eastern Europe. READ (10 COMMENTS) »
Nine of ten tourists 'happy' with Sweden
Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ (1 COMMENT) »
Armed thieves escape after highway chaos
Police are searching for the men involved in a dramatic highway robbery in Stockholm on Tuesday night, in which one car was stolen at gunpoint and an armoured transport vehicle was rammed. READ (9 COMMENTS) »
Arla looks to milk UK, German dairy mergers
Swedish-Danish dairy giant Arla plans to merge with both a German and a British dairy cooperative in a bid to become the largest dairy company in the UK. READ (4 COMMENTS) »
Swedish airline Skyways files for bankruptcy
Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning. READ (3 COMMENTS) »
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 (37 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 (4 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) »
- 17/05 Firm sued over Facebook 'threats' sacking (2 comments) »
- 16/05 Swedes' pension hopes tied to Facebook IPO (8 comments) »
- 16/05 IMF warns Swedish economy 'vulnerable' (9 comments) »
- 15/05 Patient blackmails doc after affair turns sour (3 comments) »
- 15/05 Astra Zeneca slashes 400 more jobs in Sweden »
- 14/05 Deserted Swedish homes used to grow cannabis (10 comments) »
- 14/05 Swedish union plea to Obama: 'help save Saab' (7 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) »
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 »
| 24/05 | Account Manager/Regional manager | Stockholm |
| 24/05 | Consumer AdvisorL'Oréal Denmark A/S | Skåne |
| 24/05 | Creative Merchant Risk AnalystKlarna | Stockholm |
| 24/05 | Development Engineer Test Method DevelopmentTetra Pak | Skåne |
| 24/05 | Executive AssistantVattenfall | Stockholm |
| 24/05 | Experienced tester wantedAcademic Work | Västra Götaland |
| 24/05 | German Speaking Risk AgentKlarna | Stockholm |
| 24/05 | HR Administrator/assistant to QlikTechAcademic Work | Lund |
| 24/05 | Inside Sales Representative BarcelonaPTC | Gotland |
| 24/05 | International Sales Associate, Norwegian speakingSecunia ApS | Skåne |
- 24/05 Tenants must fund energy saving renovation »
- 24/05 Merkel resists pressure to relax austerity »
- 23/05 Bavaria threatens Merkel over energy policy »
- 23/05 City 'sold empty houses without finding owners' »
- 23/05 Streetside taken down after privacy complaints »
- 22/05 One in four low-earners works 50-hour week »
- 22/05 Doctors cash-in on patient referrals »
- 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 »
- 23/05 piano lessons
- 23/05 Seeking helper for Posting parcels at postal office
- 22/05 Coffee-maker
- 22/05 Pet sitter available in Gotene and Lidkoping
- 22/05 apartment in Lund wanted
- 22/05 Musicians wanted
- 01:45 Help...Any Amusement Arcade in Stockholm?
- 00:55 Switching jobs and new work permit
- 00:43 Can anybody recommend a decent garage?
- 00:15 Almonds... apparently they're different.
- 23:59 Moving to Sweden with pregnant GF and two dogs.
- 22:06 Anti-fästing vaccination. (ticks)
- 20:38 Retiring to Sweden
- 19:49 In a nutshell, My weight is my problem?
- 18:56 Life in Sweden
- 18:01 Football in Stockholm?
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/
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
at the same time, you should push the salesmen to sell more products, to be more aggressive like american AB.
Before bashing the salaries of management in the private sector, perhaps one should look into politician's wages and compare. At least the revenue from the private sector is a direct result of revenue-producing activities. Whereareas in the political sector very little revenue-producing activities exist. Most of that revenue comes from taxes, i.e., depends on the results of the work of others...