Truckmaker Volvo to put all 20,000 Swedish staff on temporary lay off-scheme

FILE PHOTO: The logo of Swedish truck maker Volvo is pictured at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer/File Photo

STOCKHOLM (Reuters) – Truckmaker AB Volvo (VOLVb.ST) said on Friday it would put all its 20,000 staff in Sweden on short-term temporary lay off-scheme starting next week as it plans to close it’s whole production system in the country.

“We have reached a frame agreement with the Swedish unions about short-term temporary lay offs of all employees in Sweden starting next week,” a spokesman said.

“The exact details will be decided in local agreements. There will be exceptions, with key functions and so on.”

Reporting by Johannes Hellstrom, editing by Johan Ahlander

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