Volvo to slash 15% of its workforce thanks to low EV demand
The Swedish car giant has revealed it will cut 3,000 white-collar jobs as it battles against the slowdown of EV sales across the globe and poor April sales figures.
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Volvo
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29 days ago
30 days ago
Volvo to cut 3,000 jobs amid trade uncertainty
The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods.
39 days ago
Volvo is accused of 'money-making scheme' after car owner's electric hybrid model dies after just four years - leaving her with £7,500 bill
Terri-Anne Smith, 37, bought a high-tech XC60 T8 SUV less than a year from new - but was left with a gargantuan bill after a notorious piece of hybrid machinery packed in.
56 days ago
Automakers suspend financial guidance amid tariff uncertainty
Stellantis, Mercedes-Benz, and Volkswagen join GM and Volvo, who suspended guidance earlier this week.
57 days ago
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Volvo Cars shares plunge 10% on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Volvo Cars shares plunge 10% on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.
Volvo Cars shares plunge 10% on earnings fall, withdrawn guidance and major cost-cutting drive
Volvo Group said its so-called "cost and cash action plan" would include reductions in investments and redundancies at its operations across the globe.