Cars
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off 1,400 white collar (consultants included) and 600 blue collar workers.
- Volvo Cars Celebrates 85th Birthday With The Same Car In The Same Place
On April 14, 1927, at 10 am, Volvo sales manager Hilmer Johansson was photographed while he was driving the Swedish company's first mass-produced automobile, the ÖV4, through the factory gates in Lundby in Göteborg. To celebrate the 85th...
- Volvo To Build New Car Plant In China, Aims To Sell 200,000 Vehicles In The Chinese Market By 2015
At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is...
- Gm To Slash 10,000 Jobs Globally And Reduce Pay By Up To 10%
In the latest round of job cuts, General Motors said today that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000, with 3,400 of those job cuts coming from the United States where the company employs around...
- Bmw To Cut Production In Germany During February And March
Following the example of other automakers, BMW has announced further cuts in production in response to weaker global demand. In addition to previous cutbacks in the number of temporary workers, the Bavarian automaker is putting thousands of employees...
- Volvo Cars To Slash 3,300 Jobs Over Weak Market
Ford-owned Volvo Cars said on Wednesday that due to the rapidly deteriorating market situation in the global car industry, it will have to cut around 2,000 blue collar and 700 white collar jobs in Sweden. An additional 600 jobs as well as some 700 contracts...
Cars
Volvo to Lay Off 2,000 Employees
Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off 1,400 white collar (consultants included) and 600 blue collar workers.The notice includes 1,200 employees at Volvo Car Corporation in Gothenburg (1,105 employees), Volvo Car
"This is an unfortunate but necessary action if we are to achieve a better financial position", said Fredrik Arp, President and CEO of Volvo Car Corporation. "We must tackle the difficult marked conditions, most of all in the
- Volvo Cars Celebrates 85th Birthday With The Same Car In The Same Place
On April 14, 1927, at 10 am, Volvo sales manager Hilmer Johansson was photographed while he was driving the Swedish company's first mass-produced automobile, the ÖV4, through the factory gates in Lundby in Göteborg. To celebrate the 85th...
- Volvo To Build New Car Plant In China, Aims To Sell 200,000 Vehicles In The Chinese Market By 2015
At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is...
- Gm To Slash 10,000 Jobs Globally And Reduce Pay By Up To 10%
In the latest round of job cuts, General Motors said today that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000, with 3,400 of those job cuts coming from the United States where the company employs around...
- Bmw To Cut Production In Germany During February And March
Following the example of other automakers, BMW has announced further cuts in production in response to weaker global demand. In addition to previous cutbacks in the number of temporary workers, the Bavarian automaker is putting thousands of employees...
- Volvo Cars To Slash 3,300 Jobs Over Weak Market
Ford-owned Volvo Cars said on Wednesday that due to the rapidly deteriorating market situation in the global car industry, it will have to cut around 2,000 blue collar and 700 white collar jobs in Sweden. An additional 600 jobs as well as some 700 contracts...