Volvo Powertrain signs agreement on shortening of work hours for collective-agreement employees
The Volvo Group’s unit for engine and gearbox production, Volvo Powertrain, has signed an agreement with the local IF Metall trade unions in Skövde and Köping, Sweden regarding the shortening of work hours with subsequent income reduction. The agreement results in the cancellation of the layoff notices to 600 employees in Skövde and Köping issued on April 22.The agreement with the local IF Metall unions in Skövde and Köping applies from June 1, 2009 through March 31, 2010. Work hours will be reduced by 20%, pay reduced by a maximum of 8% during the agreement period and the year’s pay review