RERMAG

Volvo To Lay Off 110 Employees

Volvo Construction Equipment, Asheville, N.C., said last week it plans to revise manufacturing operations at its Asheville plant, resulting in a reduction of about 110 employees. The company said the plant will change to an assembly only facility from a fabrication and assembly plant, effective Dec. 1.

The company added that it will seek fabrication suppliers in North America for long-term production operations. Products other than current wheel loaders and articulated haulers may be assembled at the Asheville plant in the future. Volvo Construction expects the total cost reduction from the plant changes to be $10 million annually.

In June, the unit said it would reduce its worldwide work force by about 950 from 8,500, because of weak market conditions. The company expected about 600 of those cuts to come from Europe, 140 from North America, 190 in Asia and 20 in South America.

TAGS: Ar
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish