Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on Thursday.
will lay off around 1,300 office-based employees in Sweden as it steps up cost cutting, the Sweden-based auto maker said on Thursday.
"Economic headwinds, increased raw material prices and increased competition are likely to remain a challenge to our industry for some time," he said.Rowan told Reuters the group did not yet know how much it would save from the new measures. "We're still working the details through on that," he said in an interview.
It said it also expected to cut jobs and reduce costs across its global operations in the coming months, including its consultancies.
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