Volvo to cut 3,000 jobs among trade uncertainty | Business and economy

Jewelry, US President Donald Trump threatened the 50 percent of the EU several days later.

Swedish automatic manufacturer Volvo was determined to reduce 3,000 white collars between the efforts that began to increase prices due to evaluation-based uncertainty.

The company announced the news on Monday. The Swedish car manufacturer is trying to resurrect the price of the rock, and as soon as he tries to raise better demand in their work and cutting costs.

After the recently led the role of the role after 2022, CEO Hakan Samuelsson, in April, in April 40 factories (18 billion crowns), including 40 percent of the workforce, an important incision.

According to Samuelsson’s Reuters News Agency, almost all areas, in almost all areas (research and development), communication, human resources, communication, human resources) are the white collar.

The company represents about 15 percent of office workers, Volvo cars in a statement, a one-time reconstruction cost of 160 million (1.5 billion crowns).

The new CFO of Volvo cars told Reuters that all departments and places will take place in Gothenburg.

“It was adapted to make us more effective as a structure, and then it could change a little depending on how much it played. But there was no stones,” he said.

With Most of the production is based In Europe and China, Volvo cars are more exposed to the Tariffs from the United States more than more European rivals, and said it will be possible to export their best cars to the United States.

The company said in a press convenience of this year with the third quarter of this year.

Backed the Volvo Financial Management Last month, the global auto industry pointed out unexpected markets by pointing to unexpected markets between more weak consumer confidence and trade fares.

The Layoff announcement is the US President Donald Trump’s 1st President Donald Trump’s recitation of the European Union’s imports. On Monday, Washington and Brussels restored the last date of July 9 to allow negotiations.

As a result, the CEO of Volvo, the sale of electric vehicles (EVS), Belgium in Belgium – the sale of EX30 home in the US market will make it difficult to make it harder.