Volvo Car Corporation announces temporary stand-still at the Torslanda plant

Volvo Car Corporation has decided to temporarily stop production in the Torslanda plant during week 44, from October 29 to November 2. The measure is taken based on a continued decline of the automotive market, primarily in Europe. Therefore a further adjustment
to Volvo Car Corporation's manufacturing operation is necessary.
 
The decision to temporarily stop production means that the Torslanda plant employees will be on leave with pay through a combination of utilising time banks and leave of absence.

"Europe is the main market for Volvo Car Corporation and the continued recession is naturally affecting the demand for our cars. Against this background, it is essential for us to continue to use the built-in flexibility we have within our manufacturing system," says Jan Gurander, CFO and acting President & CEO of Volvo Car Corporation.

The temporary production stop is in addition to an earlier decision to reduce the production pace in the Torslanda plant from 57 cars to 50 cars per hour. That change came into effect on October 1.

There are no plans for changes to the permanent work force at the Torslanda plant.

Posted in: Assembly/Manufacturing Plant,Europe,International,Jan Gurander,Torslanda Plant,Volvo,Volvo Car Corporation