Volvo: Strike at one of Volvo's US truck plants
01 Febrero 2008 - 2:54AM
Business Wire
Regulatory News: Volvo (NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB): The
United Auto Workers (UAW) union called a strike this morning at
6:00 a.m. Swedish time (CET) for the slightly more than 2,600
members at Volvo's and Mack's plant in New River Valley, Virginia.
The strike will stop practically all production until further
notice. Negotiations with the UAW have been under way since January
8 and when the current contract expired at midnight, US time (EST)
January 31, and the parties had not succeeded in reaching an
agreement, the UAW chose to engage in a strike. Slightly more than
2,600 of a total of 2,900 employees at the plant in New River
Valley are covered by the strike, which will stop practically all
production at the plant until further notice. Volvo's and Mack's
plant in New River Valley currently produces about 100 trucks per
day, most of which are Volvo. February 1, 2008 For reporters who
want more information, please contact Marten Wikforss, +46 31 66 11
27 or +46 705 59 11 49. Visit
http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 09.00 a.m. CET February 1, 2008. The
Volvo Group is one of the world's leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The
Group also provides complete solutions for financing and service.
The Volvo Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27
billion euro. The Volvo Group is a publicly-held company
headquartered in Goteborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com Regulatory News: Volvo
(NASDAQ:VOLV) (STO:VOLVA) (STO:VOLVB): The United Auto Workers
(UAW) union called a strike this morning at 6:00 a.m. Swedish time
(CET) for the slightly more than 2,600 members at Volvo�s and
Mack�s plant in New River Valley, Virginia. The strike will stop
practically all production until further notice. Negotiations with
the UAW have been under way since January 8 and when the current
contract expired at midnight, US time (EST) January 31, and the
parties had not succeeded in reaching an agreement, the UAW chose
to engage in a strike. Slightly more than 2,600 of a total of 2,900
employees at the plant in New River Valley are covered by the
strike, which will stop practically all production at the plant
until further notice. Volvo�s and Mack�s plant in New River Valley
currently produces about 100 trucks per day, most of which are
Volvo. February 1, 2008 For reporters who want more information,
please contact M�rten Wikforss, +46 31 66 11 27 or +46 705 59 11
49. Visit http://www.thenewsmarket.com/volvogroup to access
broadcast-standard video from Volvo Group. You can preview and
request video, and choose to receive as a MPEG2 file or by Beta SP
tape. Registration and video is free to the media. AB Volvo (publ)
may be required to disclose the information provided herein
pursuant to the Securities Markets Act. The information was
submitted for publication at 09.00 a.m. CET February 1, 2008. The
Volvo Group is one of the world�s leading manufacturers of trucks,
buses and construction equipment, drive systems for marine and
industrial applications, aerospace components and services. The
Group also provides complete solutions for financing and service.
The Volvo Group, which employs about 100,000 people, has production
facilities in 19 countries and sells their products in more than
180 markets. Annual sales of the Volvo Group amount to about 27
billion euro. The Volvo Group is a publicly-held company
headquartered in G�teborg, Sweden. Volvo shares are listed on OMX
Nordic Exchange Stockholm. This information was brought to you by
Cision http://newsroom.cision.com
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