SHARE
COPY LINK

BUSINESS

Night owls nab jobs at Sweden’s Volvo Cars

Volvo Cars has reintroduced night shifts at its plant in Torslanda in west Sweden, creating an extra 1,500 jobs in the company's home region.

Night owls nab jobs at Sweden's Volvo Cars
Volvo shift worker Sandra Hellgren. Photo: Björn Larsson Rosvall / TT
The first night shifts since 2008 got underway on Monday, having previously been scrapped as the firm shed staff while it weathered the financial crisis.
 
Sweden's most famous car company has changed its rota deal with production of its all new XC90 seven-seater SUV, for which it has already received close to 30,000 pre-orders. Workers will now follow a three shift pattern.
 
Volvo initially said that it would take on 1,300 new recruits but upped its recruitment by 200 thanks to an increase in line speed at the plant. 48 to 50 cars are now produced every hour.
 
The hiring move brings Volvo Cars' total employee count to 17,300 of which 13,500 are in Torslanda, close to Gothenburg.
 
“I am very pleased by the extraordinary positive reception of our new XC90 model and that we can welcome 1,500 new employees to the Torslanda plant to produce this new car”, said President and CEO Håkan Samuelsson. “This is just the start – we will launch a whole range of new cars in the coming four years, many of which will be produced here in Torslanda.”
 
More than 200 engineers are also set to be recruited this year and around 100 consultants are set to be awarded fixed term contracts.
 
The company hopes to be producing around 300,000 cars a year by 2020, compared to 200,000 today.
 
Sweden's Industry Minister Mikael Damberg visited Torslanda on Monday and said that the move was good news for the Nordic nation's economy.
 
"It's great to be here when Volvo gears up. It is important for Sweden," he told reporters.
 
Volvo has also been praised for taking on younger staff and more women as part of its latest recruitment drive.
 
44 percent of new staff are women compared with a previous figure of 23 percent across the entire workforce.
 
The Swedish automaker announced it beat its sales record in 2014, mainly due to a successful expansion in China.
 
Volvo sold 465,866 cars over the year, very slightly more than the company's previous best in 2007 and 9 percent more than in 2013.

ABB

Swedish engineering giant ABB to quit Russia over Ukraine

Swedish-Swiss engineering giant ABB said on Thursday it will quit Russia as a result of the war in Ukraine and the related international sanctions against Moscow.

Swedish engineering giant ABB to quit Russia over Ukraine

Russia accounts for only one or two percent of ABB’s overall annual turnover and the decision to pull out will have an estimated financial impact in the second quarter of around $57 million, the group calculated.

“ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions,” the group said in a statement.

Russia accounts for only one or two percent of ABB’s overall annual sales and the decision to pull out will have an estimated financial impact in the second quarter of around $57 million, the group calculated.

READ ALSO: 

A large number of major western companies have pulled out of Russia since Moscow invaded its pro-Western neighbour on February 24.

“When the war broke out, ABB stopped taking new orders in Russia,” the group said.

At the same time, it said it continued to fulfill “a small number of existing contractual obligations with local customers, in compliance with applicable sanctions.”

Most of ABB’s dedicated Russian workforce has been on leave since March “and the company will do its best to support them as it realigns its operations in a controlled manner,” it said.

ABB has about 750 people in Russia and two production sites in the country located in the Moscow region and Lipetsk, as well as several service centres.

Separately, the group said that its net profit fell by 50 percent to $379 million in the second quarter, largely as a result of one-off charges, but also the cost of withdrawing from Russia.

Sales, on the other hand, grew by six percent to $7.2 billion in the period from April to June, ABB said.

SHOW COMMENTS