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AB Volvo will train 1200 Swedish unemployed young

Tuesday, 03 April 2012
The Swedish truck and bus manufacturer AB Volvo wants to attract more young people in the Swedish industry and it is investing in a major training program.

The company will according to the plan within three invest Skr450 million on a training program for a total of 1200 unemployed young people, writes the Volvo Group's CEO, Olof Persson to the Swedish daily Dagens Nyheter.

Young people however will not be guaranteed a job with Volvo, but it will be a useful industrial education for them, according to Volvo CEO.

The CEO writes that “Young people need jobs and Swedish industry needs young people.The simple relationship is the starting point for the Volvo Group as we are now launching a one-year training program for unemployed youth. We invest Skr450 million over three years to give 1200 young people a chance to take a paid education and pursue a career in the production industry,” writes Olof Persson.

It is not very clear the role of politics in this drive given that in the past weeks the government has been struggling to untangle the strain it faces with a growing youth unemployment in Sweden.

We wrote that Swedish companies seems to have gown well abroad,  in this case they have been enjoying the steady flow of mature cheap and controllable labour force from eastern Europe failing to develop local talent to take over in the future. If the future will be bright therefore, many Swedish companies would need more youths. This is why the Volvo CEO added that:
“If the expansion in foreign markets will continue, and our Swedish operation will continue to grow and develop, we need to get young people to become interested in production and manufacturing jobs in the industrial sector and get them to want to think about a career there,” writes Volvo CEO
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