Volvo Cars Looking To Cut 1300 Jobs
Volvo Cars reportedly plans to cut 1,300 jobs globally as part of its cost-cutting measures.
The company is aiming to reduce costs and improve profitability as it shifts towards electric vehicles. The job cuts will be spread across its global operations, including its headquarters in Sweden, and will mainly affect white-collar positions.
The move comes as the automaker faces supply chain disruptions and a global semiconductor shortage that has impacted the entire auto industry.
With this announcement, Volvo Cars joins the list of companies taking to layoffs in a bid to bring financial propriety back in the business.
