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Volvo AB's Buses Plant in Saffle, Sweden to be Terminated in June 2013; To Lay off Approximately 380 People

Wednesday, 3 Oct 2012 04:30am EDT 

Volvo AB announced that Volvo Buses is planning to concentrate its European production of complete buses in the Company’s main plant in Wroclaw, Poland. This planned restructure means that production at the Volvo Buses plant in Saffle, Sweden, will be terminated at end June 2013, provided that the necessary union negotiations have been completed by then. Approximately 330 permanent employees and approximately 60 consultants are affected by the closure. Volvo Buses will retain its aftermarket function and technical support in Saffle to secure continued support for the Company’s Nordic customers and in order to offer local employment. The aim is to develop this operation so it encompasses approximately 50 jobs. 

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-0.0634 -0.52%
3:33pm EDT