
Volvo to cut 3,000 white-collar jobs amid rising costs and EV market slowdown: Report |
Volvo Cars, a well-known Swedish automobile manufacturer in the vanguard of safety features and technological advancements, is initiating a large-scale workforce overhaul amidst increasing economic and industry pressures. Volvo Cars intends to lay off approximately 3,000 mostly white-collar workers in the wake of increasing operational expenses, declining electric vehicle demand, and rising trade uncertainties, especially…