Volvo Cars to cut 3,000 jobs in restructuring
Volvo Cars will reduce its workforce by 3,000. This decision comes as the company faces high costs. Electric vehicle demand has slowed down. Trade tariffs are creating uncertainty. The job cuts will mainly affect office-based roles in Sweden. The company aims to cut costs by 18 billion Swedish crowns. Hakan Samuelsson says the industry faces a challenging period.
The Insiders
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Volvo Cars will reduce its workforce by 3,000. This decision comes as the company faces high costs. Electric vehicle demand has slowed down. Trade tariffs are creating uncertainty. The job cuts will mainly affect office-based roles in Sweden. The company aims to cut costs by 18 billion Swedish crowns. Hakan Samuelsson says the industry faces a challenging period.
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