UPDATE 1-Ford's Volvo Car unit says to cut 2,000 jobs

Newswire

(Adds company comment, background, detail) 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. Volvo Cars said it planned to slash its work force by 1,400 white collar staff and 600 blue collar workers, its biggest ever round of job cuts, to offset the impact of a weak auto market and surging raw material costs. The company, which has about 25,000 employees, has long been ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Ford's Volvo Car unit says to cut 2,000 jobs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

WardsAuto Blogs
Aug 28, 2014
blog

Why Young People Shun Auto Industry 4

The difference today is automakers have stopped selling the dream in favor of selling the deal. Dream cars disappeared decades ago, and concept cars are merely production cars with the door handles and side mirrors removed....More
Aug 25, 2014
blog

Finally, Voice of Reason

The concept of an autopilot is not new, particularly in aerospace. But Owens notes even the airline industry has never crossed that threshold by placing hundreds of lives solely in the digital hands of a computer....More
Aug 21, 2014
blog

Michigan, Great Lakes Region Still Core of North American Production

The Great Lakes Region is well-positioned to remain a North American production hub for years, perhaps well into the next decade....More

Sponsored Introduction Continue on to (or wait seconds) ×