Volvo Cars says to cut 3,000 jobs, mainly in Sweden
On Monday, Volvo Cars confirmed a major workforce reduction, planning to cut 3,000 jobs from its global office-based staff.
- Economy
- AFP
- Published Date: 03:16 | 26 May 2025
Sweden's Volvo Cars said Monday that it would cut 3,000 jobs, or around 15 percent of its office-based workforce, as part of a $1.9 billion cost-cutting plan announced last month amid tough market conditions.
The carmaker, owned by Chinese group Geely, said the cuts aimed "to build a stronger and even more resilient Volvo Cars at a time when the automotive industry is facing considerable challenges in its external environment".
OTHER ECONOMY NEWS