TITLE

Volvo looking to axe 136 jobs

AUTHOR(S)
Young, Dave
PUB. DATE
November 2008
SOURCE
Motor Transport;11/27/2008, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the company Volvo Trucks is planning to axe 136 of its employees, blaming the falling truck sales in third quarter in 2008. In another sign of the current downturn hitting truck sales, Volvo Trucks has started a 90-day consultation over almost 140 potential job losses across its wholly-owned dealer network and head office. Volvo Trucks has taken rapid action by adjusting production levels accordingly and is also in the process of reviewing its cost base across Europe.
ACCESSION #
35880889

Tags: EMPLOYEES -- Dismissal of;  VOLVO Trucks (Company);  DOWNSIZING of organizations;  SELLING -- Trucks

 

Related Articles

  • Mack, Volvo plan layoffs.  // Fleet Equipment;Dec2006, Vol. 32 Issue 12, p18 

    The article reports on the layoff plan of Mack Trucks Inc. and Volvo Trucks in anticipation of declining demand for vehicles compliant with the emission standards implemented by the Environmental Protection Agency in the U.S. Mack Trucks will retrench around 450 positions in mid-April 2007,...

  • Exploring the consequences of workforce reduction. Wagar, Terry H. // Canadian Journal of Administrative Sciences (Canadian Journal of;Dec98, Vol. 15 Issue 4, p300 

    Examines the relationship between permanent workforce reduction and three sets of outcomes. Impact of downsizing on the survivors; Consequences of downsizing; High-involvement workplace strategy; Conclusion.

  • Lessons learned. Nelson, Debra L.; Burke, Ronald J. // Canadian Journal of Administrative Sciences (Canadian Journal of;Dec98, Vol. 15 Issue 4, p372 

    Presents lessons learned about downsizing. Reason organizations downsize; Advantages of downsizing; Effectiveness of downsizing; Guidelines for future downsizing efforts; Factors to improve in downsizing; Conclusion.

  • Job Cuts Reach Record Levels For 1998. Laabs, Jennifer // Workforce;Feb99, Vol. 78 Issue 2, p21 

    Reports on the increase in the job cuts in various companies for 1998. Companies which announced job cuts; Reasons behind the job cuts; Results of the `Employment Outlook Survey' conducted by Manpower Inc.

  • Surviving corporate downsizing talk. Sherman, Lynn // Bond Buyer;04/22/99, Vol. 328 Issue 30625, p31 

    Focuses on how to survive a corporate downsizing. Handling of responsibilities of departing co-workers.

  • Corporations should offer more attention to downsizing survivors.  // Corporate Board;Sep/Oct96, Vol. 17 Issue 100, p26 

    Reports on the importance for corporations to be aware of the needs of employees who survive a reorganization. Possible reduction in productivity and profit loss following downsizing; Focus on collaboration among workers and not competition; Need to train workers for additional duties.

  • The Downsizing Sequel: Surviving Corporate Change. Kelly, Beth // Grand Rapids Business Journal;9/23/2002, Vol. 20 Issue 38, p29 

    No abstract available.

  • Work-force board facing potential cutbacks. Watt, Katherine // Inside Tucson Business;03/26/2001, Vol. 11 Issue 1, p20 

    Reports on the possible downsizing of the Pima County Workforce Investment Board in Arizona. Budget boost of the Arizona Department of Education; Retraining of young workers.

  • Learning to Manage Reductions-in-Force. Dichter, Mark S.; Trank, Mark A. // Management Review;Mar91, Vol. 80 Issue 3, p40 

    Examines ways to accomplish reductions in force (RIF) in American firms. Voluntary and involuntary approaches to RIF; Companies that have implemented substantial RIF; Advantages and disadvantages of the voluntary approach.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics