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Volvo Powertrain Signs Agreement On Shortening Of Work Hours

ABR Staff Writer Published 16 June 2009

Volvo Powertrain has signed an agreement with the local PTK trade unions in Skövde, Sweden, in order to reduce the work hours for salaried employees, with subsequent income reduction.

The agreement, which covers 400 salaried employees in Skövde, applies from July 1, 2009 through March 31, 2010. During the agreement period, work hours would be reduced by a maximum of four working days per month, and pay deduction by a maximum of 10%.

The salary level applicable, following this year’s pay review, is being reduced by 3% and the amount converted to 12 non-working days. Volvo Powertrain guarantees that no new layoff notices will be issued during the agreement period.

The agreement brought about the cancellation of the layoff notices to 30 salaried employees issued in April this year.

The Volvo Group is a manufacturer of trucks, buses and construction equipment, drive systems for marine and industrial applications, and aerospace components and services.