
The decision communicated by the Swedish company; two thousand of the lost jobs will be in Sweden
Automaker Volvo Cars has announced it will cut 2,500 jobs, including 2,000 in Sweden, to implement cost-saving measures through voluntary resignations and hiring restrictions.
AI-generated summary
In 2025 the company will cut 3,000 jobs, including 2,000 in Sweden.
The Swedish automotive company Volvo Cars announced this morning the dismissal of 2,500 employees, due to the need to implement economic cuts.
The company announced the decision via a press release this morning and 2,000 of the furloughed employees will be in Sweden.
"The important thing to underline is that we will do this by resorting to voluntary resignations and adopting a very restrictive approach to hiring," Fredrik Hansson, Volvo Cars' chief financial officer, told the Swedish news agency TT.
Many of the layoffs will come in the area around Gothenburg, the historic home of the company which has production centers. In 2025 the company cut 3000 jobs, of which 2000 in Sweden, now a further cut is underway.
The company, in addition to its historic factory in Gothenburg, has several around the world: in Belgium, the United States and China.
The company also has research centers in Gothenburg and Shanghai and has the Chinese car company Geely as its majority shareholder.
AI outlook — possibilities, not facts
Implementation of layoffs through voluntary resignation
Very likely · Within months

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