According to CNBCThe Swedish car manufacturer Volvo.Volvo CarsOn Monday, it was announced that, as part of a large-scale cost-cutting exercise, there would be a global cut-off.3000.Posts. This followed the announcement last month by his Chinese parent company, Jili Holdings.180SEK billion18.9Cost and cash flow optimization plan.
Volvo stated that this reduction mainly affected office positions in Sweden, about the total number of staff in its global office.15%I don’t know. Chairman and Chief Executive Officer of the company HakamI don’t know.Samuelson.Håkan SamuelssonThe statement states:“…The decisions announced today, while difficult, are important steps towards building stronger and more resilient Volvo. The car industry is going through a critical phase. To that end, we must improve cash flow generation capacity and structurally reduce costs, while ensuring that the human resources needed to achieve future ambitions continue to be nurtured.It’s not like it’s the same thing.
4Month29By the time the cost plan was launched, Volvo had indicated that the plan would include a reduction in global business investment and a reduction in jobs and would be withdrawn.2025Year and year2026Annual financial guidelines, justified by tariff pressures on the automobile industry. Retrenchment structure includes consultancy positions1000People, mostly in Sweden. Official positions include Swedish mainland.1200.People and other global markets800.People.
Previously, Volvo had4Month18Day announced that the United States had the highest number of factories.800.People,5MonthSeven.Days to further reduce the Charleston factory in South Carolina5%The employee. In addition, Volvo Battery CompanyNovo EnergyHere5MonthSix.Day announcement of layoffs50%To address market challenges.
Volvo vehicle lay-offs were influenced by the slowing demand for electric vehicles, high-cost pressures and global trade tariff uncertainty. According toVolvo CarsOfficial network reports that companies plan to achieve cost control by reducing investment, optimizing supply chains and streamlining the workforce, while ensuring that2025The year is moving towards free cash.2026Strong cash flows have been achieved since then.
Uncertainty in the economic situation is expected to have a far-reaching impact on the automobile industry, particularly given the highly globalized supply chain and the heavy dependence on North American manufacturing operations. United States President Donald.I don’t know.Trump.5Month21The Japanese threatened fromSix.MonthOne.Commencing additions to EU imports50%Tariffs have led to a sharp fall in the European car stock index.
Then Trump5Month23Announced on the day of the meeting with Ursula, President of the European CommissionI don’t know.After von DeLean’s call, it was agreed to delay the enforcement of punitive tariffs untilSeven.Month9Days. The EU has now faced U.S. automobiles, steel and aluminium.25%and most other commodities10%Yes.“…ReciprocityIt’s not like it’s the same thing.Customs duties.
Volvo claims that this retrenchment is critical to achieving its long-term strategy and reiterates its insistence that“…To become a fully electric car company.It’s not like it’s the same thing.Objective. As a leader of an electric transition, the company had2024Year9Month has given up.“…Only electric cars are sold in the short termIt’s not like it’s the same thing.objectives to be maintained in the context of changing market environment and cooling demand“…Practicality and flexibilityIt’s not like it’s the same thing.I don’t know.