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 ...

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