Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme

This post was originally published on this site
© Reuters. © Reuters.

STOCKHOLM (Reuters) – Truckmaker AB Volvo (ST:) said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to close it’s whole production system in the country.

“We have reached a frame agreement with the Swedish unions about short-term temporary lay offs of all employees in Sweden starting next week,” a spokesman said.

“The exact details will be decided in local agreements. There will be exceptions, with key functions and so on.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment