Volvo Automobiles to chop 3,000 jobs as a part of main cost-cutting drive
Mikael Sjoberg | Bloomberg | Getty Photos
Sweden-based automaker Volvo Automobiles on Monday stated it will minimize round 3,000 jobs as a part of a significant cost-cutting drive.
The transfer comes after the corporate, which is owned by China’s Geely Holding, introduced an 18 billion Swedish kronor ($1.89 billion) value and money motion plan late final month.
Volvo Automobiles stated on the time that this system would come with reductions in investments and redundancies at its operations throughout the globe.
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