Reported 1 day ago
Volvo Cars, based in Sweden, announced it will eliminate 3,000 jobs as part of a cost-reduction strategy due to challenges in the automotive industry, including economic uncertainties and trade tensions. Approximately 1,200 job cuts will affect workers in Sweden, with an additional 1,000 positions held by consultants also to be eliminated. The company aims to strengthen its financial position in light of rising raw material costs and declining markets.
Source: YAHOO