Volvo Cars to cut 3,000 jobs, mostly white-collar
Volvo Cars announced on 26 May that plans to eliminate 3,000 jobs, primarily targeting those in white-collar roles, as part of an SEK 18bn (US$1.9 billion) cost-cutting programme first unveiled in April. The layoffs represent approximately 15% of the company's office staff and will incur a one-time restructuring cost of SEK1.5bn. Subscribe to Automotive World … Continued The post Volvo Cars to cut 3,000 jobs, mostly white-collar appeared first on Automotive World.
Volvo Cars announced on 26 May that plans to eliminate 3,000 jobs, primarily targeting those in white-collar roles, as part of an SEK 18bn (US$1.9 billion) cost-cutting programme first unveiled in April. The layoffs represent approximately 15% of the company's office staff and will incur a one-time restructuring cost of SEK1.5bn. Subscribe to Automotive World … Continued
The post Volvo Cars to cut 3,000 jobs, mostly white-collar appeared first on Automotive World.
