Volvo to cut 600 jobs at U.S. truck plant

Newswire

STOCKHOLM, Oct 30 (Reuters) - Volvo , the world's number two truck maker, said on Monday it would cut staff by about a third at its subsidiary Mack Trucks' plant in Hagerstown, Maryland, in the first half of next year. Volvo spokesman Marten Wikforrs said 600 jobs would be cut at the plant as it faces an expected sharp fall in demand due to the end of a buying spree of older, but cheaper, trucks ahead of new tougher environmental rules being implemented at year-end. The Swedish truck ...

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