Volvo Shuffles Truck Production in Cost-Cutting Effort

Newswire

* To move cab output to Gothenburg from Umea * To concentrate medium-duty truck assembly in Blainville * Move to affect about 900 staff, some will lose their jobs * Action part of group-wide efficiency drive (Adds detail, background, quotes) STOCKHOLM, Oct 16 (Reuters) - Truck maker Volvo is moving some of its production from plants in Umea, Sweden, and Ghent, Belgium, as part of a three year drive aimed at cutting costs and boosting profits across the sprawling group. The ...

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