Volvo AB Updates on Restructuring Changes-Dow Jones


Tuesday, 15 Jan 2013 10:19am EST 

Dow Jones reported that Volvo AB announced that the Volvo Group will record costs of approximately SEK 600 million in the fourth quarter of 2012 related to the previously announced reorganization of the European sales organization for trucks. The total cost for the entire reorganization, when announced in the report for the third quarter 2012, was estimated at SEK 900 million. The remaining costs are expected to be incurred in the first half of 2013.