Volvo Announces Workforce Reductions
The New River Valley Plant in
The workforce reductions are the result of an expected industry-wide decline in demand for heavy-duty vehicles, driven primarily by many customers’ desire to delay purchasing trucks equipped with the new emissions technologies necessary to meet the U.S. EPA emissions standards that go into effect on January 1, 2007.
The NRV plant currently employs about 3170 people. The reductions are expected to occur incrementally over the first quarter of 2007, with the first reduction expected in January.