Volvo Layoffs: Volvo Cars Slashes 1,300 Jobs in Sweden as Part of Cost Cutting Measures

Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up its cost cutting. CEO Jim Rowan said in a statement that cost-cutting measures taken last year had started to show results but it's clear that more needs to be done. “Economic headwinds, increased raw material prices and increased competition are likely to remain a challenge to our industry for some time,” he said. Morgan Stanley Layoffs: Top Brokerage Firm To Cut 3,000 Jobs in Second Round Amid Continuing Global Meltdown.

Volvo Layoffs

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)