HAGERSTOWN, Md. — Volvo Trucks has announced it will be reducing the workforce at its Hagerstown, Md. powertrain facility to cope with slumping truck sales.
The company expects to reduce its workforce by about 600 positions during the first half of 2007, when new Class 8 trucks and engines will cost $7,500-$10,000 more than in 2006, thanks to new emissions requirements.
“While these reductions are necessary for the responsible management of our operations through the downturn, we regret the impact they will have on our employees, their families, and the Washington County community,” said Sten-Ake Aronsson, senior vice-president of Volvo Powertrain North America. “We are committed to working with the affected employees to assist them in this difficult transition.”
About 1,770 people work at the Hagerstown engine plant. Volvo officials say the reductions will be made incrementally over the first six months of 07. Employees have been informed of the impending layoffs and meetings are planned to inform them on how Volvo will assist them through the downturn.
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