Volvo Aero Announces 310 Lay Offs
Dec. 10, 2001
STOCKHOLM, Sweden (AP) _ Aircraft engine maker Volvo Aero announced Monday that it will cut 310 jobs at a plant in Sweden and 30 more U.S.-based employees because of a ``sharp downturn in the aviation industry.''
Parent company Volvo, which also makes buses and trucks, announced in October that hundreds of jobs were at risk at the aircraft engine plant in Trollhaettan, 220 miles southwest of the capital, Stockholm.
The notice sent Monday to the county labor board said 310 of 2,700 employees at the Trollhaettan plant would be laid off starting in June next year.
Volvo Aero has a total of 4,000 employees worldwide.
Spokesman Fredrik Fryklund said the jobs cut in the U.S. were storage workers who would be outsourced to other companies.
The company's U.S. branch, Volvo Aero Services, is headquartered in Boca Raton, Fla.