EconomyVolvo Cars announces 2,500 job cuts as it swings to quarterly loss
Volvo Cars says it will cut 2,500 jobs as it moves into a quarterly loss. The Geely-owned automaker faces competition from local rivals in China, alongside US tariffs and the removal of EV incentives, as it intensifies its turnaround efforts.
Eeuronews★★★☆☆2026-10-23 07:24Original
Volvo Cars announces 2,500 job cuts as it swings to quarterly loss