Volvo CEO Booed

Employees protest job cuts

The chief executive of Swedish industrial group Volvo, which has announced more than 20,000 job cuts, was booed by employees during a visit April 29 to a plant in southwest Sweden, according to a media report.

Leif Johansson was booed by angry staff at the Tuve truck plant in Gothenburg where Volvo's headquarters are located, regional daily Goeteborgs-Posten reported in its online edition.
Johansson had visited the plant to talk with employees, but he was instead criticized for the job cuts announced for 2008 and 2009 worldwide.

About 100 employees later demonstrated outside Volvo's headquarters, but he did not come out to meet with them.

"Save the jobs or go!" the demonstrators shouted, as well as "Four billion, 10,000 jobs," a reference to the US$498 million dollar dividend paid to shareholders in 2008.

Volvo Group, which sold its car unit to U.S. automaker Ford in 1999, last week posted its second consecutive quarterly loss for the January to March period, as bus and truck sales plunged amid the global economic crisis.

As of March 31, the Volvo Group had 98,476 employees.

Copyright Agence France-Presse, 2009

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