Volvo to shed 450 Spanish jobs in production shift

Newswire

MADRID, March 19 (Reuters) - The world's number-two truck maker AB Volvo said on Friday it would shift production of its Kerax truck to France from Spain, shedding 450 jobs at the Villaverde plant near Madrid. Closure of the plant, operated by its subsidiary Renault trucks, will be completed by 2006, the company said in a statement. It is part of a move to concentrate Renault truck production at Bourg-en-Bresse in France. However Volvo plans to build a new crankshaft plant in Spain and ...

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