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Volvo Plans to Implement a $780M Restructuring Plan


Volvo recently announced its plans to invest $780 million in the following two years, part of its restructuring plan. "The programme encompasses both reduction of white collar employees and consultants and efficiency enhancements in the global industrial system," the company wrote in a statement. The automaker did not say how many jobs will be affected by the restructuring plan. The world's second ...
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More restructuring plan articles

Investment Dar Might Sell Aston Martin in 4-7 Years Part of Restructuring Plan
Investment Dar plans to use its shares in Aston Martin to back a new credit facility and the company might sell the luxury automaker in 4-7 years, part of its ...
Peugeot Restructuring Plan Delayed Due to Court Challenge
PSA Peugeot Citroen had to delay the implementation of its restructuring plan due to a new court challenge. PSA Peugeot Citroen has delayed the important works council meeting by more than ...
Ford’s Job Cuts and Plant Closures in Europe Not Enough for Revival
Although Ford will close plants and cut jobs in Europe to stem losses, this might not be enough as sales continue to fall in the region. Ford had to deal with ...
Bochum Workers to Vote GM’s Restructuring Plan
Today, March 21st, workers at Bochum plant, Germany, will vote on Opel’s restructuring plan aimed at cutting costs. Since 1999, GM has lost $18 billion in Europe and agreed to continue ...
Three Labor Unions Agreed With Renault’s Restructuring Plan
Three labor unions signed deals with Renault allowing the automaker to proceed with its restructuring plan. The agreement is “exemplary because it’s a consensual one, signed by organizations representing more than ...
Renault gets approval from third labor union for job cuts
Renault gained the backing of a third labor union to implement its restructuring plan which involves eliminating 7,500 jobs and freezing wages. “We agreed to sign the deal,” Fred Dijoux, the ...
Report: Opel’s new CEO will stick to restructuring plan
Opel's new CEO Karl-Thomas Neumann backs the carmaker's restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan ...
Volvo announces 1,000 new layoffs for 2013
Volvo Car Corporation announced on Wednesday it would cut about 1,000 jobs and slash $237 million in costs by the end of this year. The Swedish automaker wants to reverse recent ...
Opel/Vauxhall to launch 23 new models and 13 new engines by 2016
Opel has revealed details of its 10-year plan for growth, which includes the launch of 23 new models by 2016. GM Europe interim president Steve Girsky has revealed details of the ...

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