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158 new news items in the last 24 hours
  1. Home
  2. International

Volvo Cars has announced 3,000 redundancies as part of a cost-cutting plan that will mainly affect Sweden

Andreea Lificiu
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26 May 2025, 16:27
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International
Credit editorial: DiPres / Shutterstock.com
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<p>Swedish Volvo Cars, owned by China's Geely Holding, has announced 3,000 redundancies as part of a cost-cutting drive. CEO Håkan Samuelsson emphasized that the auto industry faces significant challenges and the company needs to cut costs and improve its cash flow to secure its future. Volvo Cars also remains committed to going fully electric, adapting to market demands.

Sources

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Stirile ProTV
Un important producător de mașini va concedia 3.000 de angajați pentru a reduce costurile. „O perioadă dificilă”
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Ziarul Financiar
Volvo, cândva un simbol al inovaţiei în industria auto, anunţă că dă oameni afară: Peste 3.000 de angajaţi din Suedia îşi vor pierde locurile de muncă într-un efort de redresare a companiei
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Hot News
Un producător auto emblematic va renunța la 3.000 de angajați: „Industria auto trece printr-o perioadă grea”
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Profit.ro
Volvo anunță mii de concedieri la nivel global
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Wall-street
Concedieri în industria auto: Un constructor important trimite 3.000 de oameni acasă
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independent.co.uk
Volvo Cars cutting 3,000 jobs to reduce costs

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NEWS ON THE SAME TOPICS

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Economy
The CEO of Volkswagen announced that the group could lay off 50,000 employees globally, in the context of rising costs and weak demand.
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International
The CEO of Volkswagen announced a major reorganization of the group, including possible layoffs of up to 120,000 employees.
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Economy
Volkswagen is preparing for up to 100,000 layoffs and is reducing investments by 15% over the next five years.
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International
German car manufacturers are facing major challenges and massive restructuring.
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International
Volkswagen announces the elimination of 50,000 jobs in Germany by 2030, with the possibility of increasing the number of layoffs by another 50,000 positions.
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Economy
BMW announces the elimination of 8,000 jobs in Germany through voluntary departures, affecting the administrative and development departments.
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Volvo Cars cost reduction Redundancies

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