Company detailsCode: VolvoCompany name: VolvoGroup name: Volvo GroupCompany country: SwedenNumber of employees: 88464Sector: C - ManufacturingSector detail: C29 - Manufacture of motor vehicles, trailers and semi-trailers Reshoring detailsReshoring announcement date: 19/07/2016Starting implementation date: July, 2016End of Implementation : December, 2016Reshored to: SwedenLocation of affected unit(s): GothenburgLocation code: SE094Reshored business function: ProductionPartial or Total reshoring: PartialReshoring governance mode: In house (in own facilities)Estimated job gains: 450Reasons for reshoring: Firm's global reorganizationProximity to customersUnattractiveness of the offshore marketCase narrative: Volvo is a well known Swedish producer of vehicles including trucks and cars. CEO Martin Lundstedt stated that while demand for trucks is significantly increasing in Europe, there is an excess of production in North America. According to the news, in the second quarter of 2016, Volvo delivered 52,670 trucks, compared with 55,613 in Q2 2015. Order intake dropped to 45,422 trucks from 49,551 in Q2 2015. Thus, Volvo plans to employ further 400-500 workers at its factory in Gothenburg, Sweden, reducing at the same time the number of employees in North America by around 300 persons. Sources: Dagens Nyheter, 19/07/2016 Offshoring detailsOffshoring location: United States