Ford's Volvo Car unit says to cut 2,000 jobs


STOCKHOLM, June 25 (Reuters) - Volvo Car Corporation, owned by struggling auto giant Ford Motor Co , said on Wednesday it would cut 2,000 jobs across its operations in an effort to trim costs. Volvo Cars said it planned to cut its work force by 1,400 white collar staff and 600 blue collar workers to offset the impact of a weak auto market and surging raw material costs. The company has long been struggling with negative currency swings, mainly due to a weaker dollar, as well as steep ...

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