Volvo Buses Plans to Close Plant in Tampere, Finland
March 05 2008 - 3:15AM
Business Wire
Regulatory News: Volvo (NASDAQ:VOLV)(STO:VOLVA)(STO:VOLVB): The
Board of Directors of Volvo Bus Finland Oy has decided to initiate
negotiations with representatives of the employees with the
intention to close the bus body plant in Tampere. It is also about
to reorganize operations at the body plant in Turku to increase the
competitiveness. In total, approx. 300 employees could be affected.
Currently, Volvo Buses has an overcapacity in its European bus body
production system and foresees that this will be the case also in
the coming years. The intention is to adjust production capacity as
a part of the strategy to strengthen Volvo Buses' profitability.
Volvo Buses European bus body production system consists of the two
plants in Finland, in Wroclaw, Poland, and in Saffle, Sweden. The
plants in Tampere and Wroclaw both manufacture the Volvo 8700 bus
model. The plant in Poland has spare capacity and by concentrating
the production of the Volvo 8700 to Wroclaw, Volvo Buses can obtain
more cost-efficient production. In Turku, the plan is to reorganize
to enhance the competitiveness of the operations. The production of
the Volvo 9700 coach model in Turku will be focused on the Nordic
markets. According to Finnish law, the representatives of the
employees now have the right to six weeks of negotiations before a
final decision can be taken. March 5, 2008 Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. Volvo Bus
Corporation is one of the world's largest manufacturer of large
buses and coaches. The range comprises complete vehicles, chassis,
bus bodies, transport system solutions for metropolitan traffic,
leasing, financing and service contract maintenance. Volvo Bus
Corporation is part of the Volvo Group, one of the world's leading
manufacturers of trucks, buses and construction equipment, drive
systems for marine and industrial applications, aerospace
components and services. The Group also provides complete solutions
for financing and service. This information was brought to you by
Cision http://newsroom.cision.com Regulatory News: Volvo
(NASDAQ:VOLV)(STO:VOLVA)(STO:VOLVB): The Board of Directors of
Volvo Bus Finland Oy has decided to initiate negotiations with
representatives of the employees with the intention to close the
bus body plant in Tampere. It is also about to reorganize
operations at the body plant in Turku to increase the
competitiveness. In total, approx. 300 employees could be affected.
Currently, Volvo Buses has an overcapacity in its European bus body
production system and foresees that this will be the case also in
the coming years. The intention is to adjust production capacity as
a part of the strategy to strengthen Volvo Buses� profitability.
Volvo Buses European bus body production system consists of the two
plants in Finland, in Wroclaw, Poland, and in S�ffle, Sweden. The
plants in Tampere and Wroclaw both manufacture the Volvo 8700 bus
model. The plant in Poland has spare capacity and by concentrating
the production of the Volvo 8700 to Wroclaw, Volvo Buses can obtain
more cost-efficient production. In Turku, the plan is to reorganize
to enhance the competitiveness of the operations. The production of
the Volvo 9700 coach model in Turku will be focused on the Nordic
markets. According to Finnish law, the representatives of the
employees now have the right to six weeks of negotiations before a
final decision can be taken. March 5, 2008 Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. Volvo Bus
Corporation is one of the world�s largest manufacturer of large
buses and coaches. The range comprises complete vehicles, chassis,
bus bodies, transport system solutions for metropolitan traffic,
leasing, financing and service contract maintenance. Volvo Bus
Corporation is part of the Volvo Group, one of the world�s leading
manufacturers of trucks, buses and construction equipment, drive
systems for marine and industrial applications, aerospace
components and services. The Group also provides complete solutions
for financing and service. This information was brought to you by
Cision http://newsroom.cision.com
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