Volvo to cut 3,000 white-collar jobs amid rising costs and EV market slowdown: Report

Volvo Cars is set to cut approximately 3,000 jobs, primarily affecting white-collar employees, as part of a significant restructuring plan. CEO Håkan Samuelsson aims to save $1.9 billion through these cuts across various departments, including R&D and HR. CFO Fredrik Hansson confirmed that all divisions will be impacted, with most reductions at the Gothenburg headquarters.

Auto