# Volvo Cars announces 2,500 job cuts as it swings to quarterly loss

https://mins.news/en/item/112282

- euronews, 2026-10-23 07:24 UTC
- Economy
- Original: https://www.euronews.com/2026/10/23/volvo-cars-announces-2500-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.

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