Volvo Buses To Close Plant In Tampere, Finland
2008年4月24日 - 4:41PM
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Regulatory News: After finalizing the negotiations with employee
representatives, Volvo Buses has decided to close the bus body
plant in Tampere, Finland. The company will also reorganize
operations at the body plant in Turku to increase the
competitiveness. In total, 237 employees will be given notice.
Currently, Volvo Buses (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB) 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 operations will be
reorganized to enhance the competitiveness. The production of the
Volvo 9700 coach model in Turku will be focused on the Nordic
markets. The production in Tampere will end in August. Volvo Bus
Finland has, together with the representatives for the employees,
negotiated various supporting measures for the affected employees.
During the first quarter, earnings were charged with provisions
related to above amounting to SEK 120 million. April 24, 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: After finalizing
the negotiations with employee representatives, Volvo Buses has
decided to close the bus body plant in Tampere, Finland. The
company will also reorganize operations at the body plant in Turku
to increase the competitiveness. In total, 237 employees will be
given notice. Currently, Volvo Buses (NASDAQ:VOLV) (STO:VOLVA)
(STO:VOLVB) 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 operations will be
reorganized to enhance the competitiveness. The production of the
Volvo 9700 coach model in Turku will be focused on the Nordic
markets. The production in Tampere will end in August. Volvo Bus
Finland has, together with the representatives for the employees,
negotiated various supporting measures for the affected employees.
During the first quarter, earnings were charged with provisions
related to above amounting to SEK 120 million. April 24, 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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