Volvo Layoffs 2020
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The united auto workers and ab volvo owned mack truck are set to resume contract negotiations on monday as at least 3 500 hourly employees across three states continue to strike.
Volvo layoffs 2020. Reuters march 20. This has now come to pass as layoffs that began in late january have resulted in the loss of 700 jobs at the plant. Volvo car group owned by china s geely holding said on wednesday it was giving notice of redundancy to 1 300 white collar workers in sweden as the impact from the pandemic raised the urgency of.
According to the company layoffs will start around january 20 2020. Last summer the southwest times reported that the volvo trucks assembly plant in dublin was expected to significantly cut back on the labor force sometime around the end of the year. We have reached a frame agreement with the swedish unions about short term temporary layoffs of all employees in sweden starting next week volvo spokesman claes eliasson said.
Volvo points to an expected downturn in the north american truck market as a reason for the layoff. Volvo cars will lay off 1 300 white collar employees in sweden with the carmaker saying it needs to step up its shift to new products and business models amid the coronavirus pandemic. The roanoke times reported in late june that volvo expected layoffs at the dublin plant toward the end of the year.
The truck market is notoriously cyclical. Volvo has taken several measures to cut costs after closing most of its manufacturing plants including implementing salary reductions temporary layoffs and reducing purchased services. The layoffs are scheduled to begin on january 20 2020.
We expect the total north american truck market to be down nearly 30 percent or about 100 000 trucks next year. According to officials at volvo for the past two years the company has. Currently about 3 300 people work at the plant.
Volvo layoff affects hundreds by william paine.
