Volvo halts production at Swedish plant
AFP/The Local · 15 Oct 2012, 11:21
Published: 15 Oct 2012 11:21 GMT+02:00
Production at Torslanda, next to the company's Gothenburg headquarters, will be temporarily halted from October 29 until November 2.
"The measure is taken based on a continued decline of the automotive market, primarily in Europe. Therefore a further adjustment to Volvo Car Corporation's manufacturing operation is necessary," the company said in a statement.
On October 1 Volvo reduced the production pace at Torslanda to 50 cars per hour, down from 57.
During the week-long suspension, "Torslanda plant employees will be on leave with pay through a combination of utilizing time banks and leave of absence," it said.
Volvo Car Corporation is a separate entity from Volvo Trucks, the maker of trucks, buses and construction machinery, since the auto company was sold in 1999.