Volvo Car Corporation issues redundancies

VOLVO CAR CORPORATION ISSUES REDUNDANCIES Volvo Car Corporation has today issued notice of proposed redundancies to the County Labour Board in respect of white-collar workers at the company's facilities in Göteborg, Sweden. The notice will cover 492 white-collar workers from the Volvo Car Corporation, 35 from Volvo Car Components Corporation and 20 from Volvo Personvagnar Sverige AB. The redundancy notice states that it is mainly white-collar workers with administrative duties who will be affected. Negotiations between the company and the Swedish trade union organisations have also commenced today. December 4, 1998 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/04/19981204BIT00170/bit0001.doc http://www.bit.se/bitonline/1998/12/04/19981204BIT00170/bit0002.pdf