Volvo cuts 208 jobs at Brazil truck factoryNews — On July 5, 2012 — 0 Comments
World number 2 truck maker Volvo cut 208 jobs @ one factory in Brazil about the falling sales & weaker forecasts of economy, this company said recently. This truck maker won’t be renewing any contracts of short-term for about 155 workers & will be laying off around 53 of other employees from 4,000 @ one plant in Parana state which produces transmissions & motors.
Volvo is biggest auto maker at Brazil who scaled back the production as out look for the growth in the year 2012 slides to two percent from seven and half percent just 2 years ago. Unit of Daimler AG, Mercedes-Benz recently said in the month of May that they would be laying off around 1,500 workers @ Brazilian factory of trucks as it had idled more of assembly lines.
Change in the standards of emissions for the trucks at end of the year 2011 has also weighed on the sales as the buyers had brought the forward purchases for avoiding any new standards which had come in to the effect for this year. Truck sales of Volvo fell almost by 23 percent in 1st half of the year 2012 from one year ago. The association of Brazilian dealership, Fenabrave recently said that they are expecting sales the fall by around 6.9 per cent in the year 2012 as compared to 2011, reversing the previous forecast for increase of 2.6 per cent.
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