Filed under: Earnings/Financials,Hirings/Firings/Layoffs,Volvo
Volvo Car Group, owned by China's Geely Holding, said on Wednesday it was giving notice of redundancy to 1,300 white-collar workers in Sweden as the impact from the pandemic raised the urgency of lowering structural costs. The carmaker, which has 24,000 staff in Sweden excluding some 2,000 consultants, said in a statement the measures also included a continued review and reduction of consultancy contracts but would not affect its manufacturing operations. CEO Hakan Samuelsson said the coronavi
Continue reading Geely's Volvo Cars lays off 1,300 in Sweden as coronavirus slump takes hold
Geely's Volvo Cars lays off 1,300 in Sweden as coronavirus slump takes hold originally appeared on Autoblog on Wed, 29 Apr 2020 08:50:00 EDT. Please see our terms for use of feeds.
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