Volvo Cars has announced layoffs at facilities in Sweden and the U.S. amid a “challenging period,” officials said.

Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces ...

CEO Hakan Samuelsson also said consumers, not Volvo, would have to absorb the cost of tariff-related price increases ...

The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its ...

Volvo Cars plans to lay off 3,000 employees, primarily in Sweden, as part of a cost-cutting initiative driven by economic ...

Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in ...

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last ...

Volvo announced it plans to cut 3,000 positions as President Trump’s tariffs continue to rattle the auto market. The ...

The cuts will affect about 1,200 employees and 1,000 consultants, the automaker said. CEO Håkan Samuelsson said the cuts would help improve the automaker’s cash flow and reduce overall costs.

Volvo Cars is set to cut around 3,000 jobs as part of a restructuring initiative aimed at addressing high costs, slowing EV ...

May 27 (UPI) -- Swedish automaker Volvo plans to fire approximately 3,000 employees as part of its new cash action plan.