Volvo Cars to cut 2,500 jobs after quarterly loss
- Volvo Cars will cut 2,500 jobs globally after posting a $373 million operating loss in the third quarter.
- The Swedish automaker reported a 23% drop in quarterly revenue to 66.9 billion Swedish kronor amid market pressures.
- • Around 2,000 job cuts will be in Sweden, as US tariffs and Chinese competition add to Volvo’s financial strain.
Source: finance.yahoo.com
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