Volvo announced a mass reduction in personnel as part of restructuring

About 15 percent of office workers will fall under dismissal, mainly in Sweden. The reasons for the solution were the drop in demand for electric cars, costs of costs and uncertainty with duties in the United States. In addition, in April, the manufacturer suspended the investment and announced the saving program by almost two billion dollars.

The Volvo automotive company has announced a large -scale staff reduction. Three thousand employees will fall under the dismissal, most of which are busy in offices. The decision was made against the backdrop of a decrease in sales of electric vehicles, an increase in production costs and an indefinite situation with trading duties in the American market.

Honda will reduce investments in electric cars and will bet on Nissan hybrids will reduce the production of the most popular Audi crossover in the United States will reduce 7.5 thousand workers and refuse complete electrification

Back in April 2025, the manufacturer presented a program to reduce costs. Within its framework, it is planned to reduce the cost of 18 billion Swedish crowns, which is equivalent to about 1.9 billion dollars. According to official figures, about 15 percent of the company’s office employees will be dismissed, of which about 75 percent work in Sweden.

The day before it became known that the Japanese company Nissan takes similar steps. The manufacturer considers the ability to sell his historical headquarters in Japan to reduce the debt load. According to Asia Nikkei, the office is located next to a large railway station on a high -market area.

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