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Unions Critical of Volvo Deal

Published lördag 27 mars 2010 kl 13.02
A car assembled at a Geely plant in China

With a final agreement on China’s Geely buying Ford’s Swedish unit Volvo Cars expected this weekend, two key unions are concerned about the deal

Swedish Radio News reports that the white collar workers union Unionen and the executives’ union the Swedish Organization for Managers say they haven’t received all the necessary information. 

Geely’s board chairman has said the deal would be a failure without the backing of labor organizations. The deal is expected to be finalised on Sunday.

But on Thursday the two unions withdrew their support. Representatives from the unions met with Ford on Friday and Saturday. Their discussions are reportedly about financing, investments, and future expansion in China.

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