Ex-CEO slams Volvo Cars over sacking
Published: 10 Jan 13 17:10 CET | Print version
Online: http://www.thelocal.se/45544/20130110/
Stefan Jacoby, the ex-CEO of Volvo Cars, has admitted to feeling cheated by his old company after they fired him last year halfway through his recovery from a stroke.
- Volvo ponders luxury factory in India (28 Dec 12)
- CEO: 'very difficult' for Volvo Cars to avoid loss (19 Dec 12)
- Volvo aims for 'no-death' new cars by 2020 (4 Dec 12)
“I was shocked. After everything I did over two years, it felt like I’d been tossed out like rubbish. It was really, really tough,” he told the Dagens Industri newspaper (DI).
“There was surely a more elegant way to handle it.”
Jacoby suffered a stroke at home mid-September, ending up at the Sahlgrenska Hospital, although he later claimed it was only minor.
In October, Håkan Samuelsson, former chairman of German truck maker MAN, was named the new Volvo Cars CEO.
Jacoby said it felt “very strange” to be informed of his redundancy when he was in the middle of his sickness.
“I was kicked out right in the middle of the game. And to this day I’ve still not had any explanation of why it happened. You can only speculate with these things,” he said.
The TT news agency announced in November that according to company policy, Jacoby was entitled to some 8 million kronor ($1.2 million) in severance pay.
Despite being fired from the company, Jacoby admits that it opened a new door in his life.
“I really loved my job, maybe too much. It was a shock, but on the other hand, it gave me a chance to do something new.”
The Local/og
Follow The Local on Twitter
What do you think? Leave your comment below.
H&M mulls production in South America and Africa
Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »
Nord Stream plans new gas pipelines
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »
'Sweden next in line for housing market crash'
Sweden tops a list of countries that risk suffering a housing market crash, Germany's Commerzbank has warned, citing the slackening off of Swedish property prices as a harbinger of a potential downswing. READ () »
Solna voted best place to live in Sweden
Solna, a suburb just north of Stockholm, is the best place to live in Sweden, according to a new ranking published on Friday by Swedish news magazine Fokus. READ () »
Ikea founder rated fifth richest in the world
Ingrad Kamprad, the founder of Swedish furniture giant Ikea, finished fifth on the Bloomberg Billionaires Index published on Friday, with an estimated fortune of $55.6 billion. READ () »
LinkedIn profile lands Swede with hefty tax bill
A Swedish man is facing a five-million kronor ($750,000) add-on to his tax bill after the authorities took a proper look at his account on the professional networking site LinkedIn. READ () »
India in no rush to open first Ikea store
The first Ikea store to open in India may not be ready for years, with the India head of the Swedish furniture giant prepared to wait until the the perfect location is found for the first of the 25 planned stores. READ () »
H&M CEO to Bangladesh: raise minimum wages
H&M CEO Karl-Johan Persson has urged Bangladesh to raise its minimum wage, adding the Swedish fashion giant is "willing to pay more" in the wake of a garment industry disaster which killed more than 1,100 people. READ () »
Pensioners to recruit ageing Swedish rockers
The Swedish Pensioners Association wants to cast off its "stuffy" image at the Sweden Rock festival, in a recruitment bid to set up a rock music subgroup of new members. READ () »
Sweden plummets in income equality ranking
The living conditions of most Swedes have improved in recent decades, but income inequality is growing rapidly, according to a new OECD report, which saw Sweden drop 14 spots from its first place ranking in 1995. READ () »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- 13/05 Nordea tracked clients in secret 'black book' »
- 10/05 ABB executive to quit after five-year tenure »
- 10/05 Borg defends critique of strong Swedish krona »
- 08/05 EU green lights Volvo and Dongfeng merger »
- 08/05 Sweden sells toxic Baltic salmon to EU: report »
- 07/05 Swedish app lets 'everyone' write music »
- 07/05 'Invisible thread' can help fight fashion pirates »
- 06/05 The British barber a cut above the rest »
| 20/05 | Application EngineerNet Entertainment | Stockholm |
| 20/05 | Application EngineerNet Entertainment NE AB | Stockholm |
| 20/05 | Business Development ManagerHays | Stockh, STHM |
| 20/05 | Certification Project ManagerNet Entertainment | Stockholm |
| 20/05 | Client Solutions EngineerInteractive Medica | Stockholm |
| 20/05 | Enterprise Risk ManagerNet Entertainment NE AB | Stockholm |
| 20/05 | Global Senior BuyerValueone AB | Stockholm |
| 20/05 | Group Risk ManagerHumancapital | stockholm, STHM |
| 20/05 | Salgsassistent / Sales AssistantHoss Intropia | Copenhagen |
| 20/05 | Senior SW Developer, Sony Mobile CommunicationsAdecco | Lund, SKÅ |
- 18/05 Economists warn against German euro exit »
- 17/05 Germany cool to France's EU economy plan »
- 17/05 Au pairs rules relax for non-German families »
- 16/05 Germany refuses to slam French economic policy »
- 16/05 Capri-Sun drink wins false advertising award »
- 15/05 Anaemic economy feels winter chill »
- 15/05 ThyssenKrupp bins 3,000 admin jobs »
- 15/05 Pay deal for metal workers averts strike »
- 14/05 First ever strike hits Amazon's German unit »
- 14/05 Volkswagen plans giant car plant in China »
- 17:28 Found out I'm pregnant!
- 17:23 Salary expectations for managing a busy bar?
- 17:20 Relocation to Stockholm
- 17:17 Shopping online for electronics
- 16:55 Investment market in Sweden
- 16:47 Taking bills via Autogiro without service
- 16:41 Swedish Summer Language Classes in Malmö?
- 16:30 Buying property in Stockholm
- 16:15 Need to help to choose the best place.
- 16:12 What beer (if any) are you drinking?
Create an account with Banc De Binary, the world’s most reputable binary options firm, and start cashing in today! You can start by practicing with our free $50,000 demo account.
www.bbinary.com
Expat counsellor & talk therapist offers counselling for stress, relationship issues, sexuality, culture adjustment & life coaching. Private & confidential. Stockholm or Skype. Contact me today! 08-559 22 636 or
CLICK HERE
Casa Birgitta in Algarve, Portugal. Reduced price in best location. Private estate on white sand beach. All amenities included. Book here today! edward_george1@hotmail.com
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
Individuals & Couples - Stockholm Beth Rogerson PhD - Clinical, Marriage & Family Therapist
Click or call 08-5580 1266 now
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.
- Now perhaps he knows how others felt like after working with him.
What goes around comes around.......