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Volvo Trucks to Increase Production

In the last few months, things have been looking better for Volvo Trucks, as the Swedish manufacturer has seen signs of increased demand. This means that they were able to reduce stocks and now it is finally the time to increase production.

“The market situation is still uncertain, but we see signs of recovery in terms of trucks,“
says Volvo Trucks President and CEO, Staffan Jufors, adding “To meet the demand, we are now expanding the capacity in some of our factories.”

Firstly, this is great news for the employees of the Gent assembly plant in Belgium and for the Swedish factories in Umea and Tuve, as they will have fewer lay-off days and more work on Fridays. The Umea factory which provides cabins for the trucks will go ahead and re-employ staff to be able to meet the production needs. The Gent factory will also have a staff increase, while the plant in Curitiba, Brazil, will get an extra shift.

“Since the economy remains highly uncertain, it is at this stage a question of short-term contracts,“ says Staffan Jufors.

“It is very pleasing that we see a recovery, but we must also be well aware that the economy is very uncertain and that the volume increases are from very low levels. We are acting in a very tough competitive market situation, which means that we must continue to focus on our costs and remain aware of the uncertainty of the situation and act accordingly,” Staffan concludes.
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