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Sweden Volvo Cars claims to reduce about 3000 jobs as part of its cost cuts.
The firm says that the dismissals will mainly affect the office based on the office in Sweden, which is about 15% of the white collar labor.
Last month, the Volvo Cars, owned by the Chinese Geely Holding Group, announced the 18 billion Swedish crane (1.9 billion; 1.4 billion pounds) “Action Plan”.
The global motor industry faces a number of major problems, including 25% of US President Donald Trump tariffs on imported vehicles, higher cost of materials and slow sales in Europe.
Volvo Cars Chief Executive Director Hokan Samuelson pointed to the “difficult period”, which is facing the Galina as a reason for the dismissal.
“The actions announced today were difficult solutions, but they are important steps when we build stronger and even more elastic Volvo cars,” – He said in a statement.
Earlier this month, said the firm Its global sales in April decreased by 11% compared to the same period last year.
Volvo Cars has its own headquarters and development offices in Sweden in Gothenburg. It has large production plants in Sweden, Belgium, China and the USA.
The company was sold to the Giants of the US Ford Automobile Industry in China Geely in 2010.
In 2021, Volvo said all his cars would be electrical by 2030. Last year, it scale these ambitions from a number of issues, including “additional uncertainty created by the latest tariffs in EV in different markets.”
Japanese car manufacturer Nissan stated earlier this month that cut another 11,000 jobs worldwide And close seven factories when it shakes the business before the weak sales.
Drop sales in China and big discounts in the US, the two largest markets, have taken a large amount of earnings, while the proposed merger with Honda and Mitsubishi collapsed in February.
Recent reductions have brought the total number of dismissals announced last year, up to about 20,000, or 15% of their labor.
In the example of a rivalry with sharp car manufacturers, the Chinese BYD electric car giant announced the weekend, which will reduce the prices of more than 20 of its models.
This step brings the price of the cheapest “seagull”, up to 55 800 yuan (7 745; £ 5700).
In response, the Chinese government, owned by Changan and the lobby supported by the Chrysler Stelantis owner, announced its own price decline.
The shares of Chinese car manufacturers decreased dramatically after these ads.
In April, Tesla Elon Musk was sent by BYD for the first time, according to the Car Industry Jato Dynamics Research Company.
