Volvo to cut 1,000 jobs

Volvo Logo

Volvo Car Corporation, a Sweden-based automaker, is planning to lay off 1,000 consultants and white-collar workers.

The automaker is taking this step as part of its plan to counter decreasing sales and return to profitability in 2013.

According to company spokesman Per-Ake Froberg, this step has been taken to help the automaker save $232.7m and reach a breakeven point in 2013.

If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.

Powered by WordPress