EVsElectriveabout 2 hours ago
Volvo Cuts 2500 Jobs Amid EV Losses
3 min read
Volvo plans to unveil a new global battery-electric volume model in 2027 tailored for Europe. Due to a 50 per cent sales slump in China, the company faces operating losses of 3.7 billion SEK. Consequently, management implements a cost-saving programme eliminating around 2,500 jobs worldwide by reducing investments by approximately 30 per cent.
Level
Hype check
Tap to vote and see what everyone thinks.
