Swedish car car manufacturer Volvo Cars says that it will reduce about 3,000 jobs as part of its cost reduction measures.
The company says that the dismissals will mainly affect positions based on office position in Sweden, representing about 15% of its workforce for white collars.
Last month, Volvo cars, who owned Chinese Group Geels, announced 18 billion of Swedish crowns ($ 1.9 billion; 1.9 billion dollars) “Action Plan” Action Plan “.
The global motor industry faces a number of main challenges, including US President Donald Trump 25% of tariffs on import cars, higher material costs and slower sales in Europe.
Volvo’s chief executive director, Hakan Samuelsson, pointed out the “challenging period” faced with the industry as a reason for dismissal.
“Actions announced today were difficult decisions, but the steps are important as we build stronger and even more resistant Volvo cars” said in the statement.
Earlier this month, The firm said Its global sales for April fell by 11% compared to the same period last year.
Volvo cars have their main headquarters and development offices in Gothenburg, Sweden. It has large production plants in Sweden, Belgium, China and the United States.
The company was sold by the American Motor Industry Giant Ford to Chinese Geeli 2010.
In 2021. years, Volvo said all his cars will be electrified by 2030. Years. Last year, it scaled that ambition due to a number of issues involving “additional uncertainty created by recent tariffs on EVS in various markets”.
Japanese car manufacturer Nissan said earlier this month that another 11,000 jobs in the world would cross And close seven factories because work is shaking in the face of weak sales.
The decline in sales in China and difficult discounting in the United States, its two largest markets, took severe collection of earnings, while the proposed connection with Hond and Mitsubishi collapsed in February.
The latest reduction decreased the total number of dismissal announced by the company last year at about 20,000, or 15% of its workforce.
In the example of the rivalry of Cutthroat between Carmaker, the Giant Bid was announced on the weekends to reduce the prices of more than 20 of its models.
The move brings the price of its cheapest car, seagull EV, to only 55,800 Yuan ($ 7,745; £ 5,700).
In response Chinese Changan and Leapmotor, which supported the owner of Chrysler Stellantis, announced its price reduction.
The shares in Chinese producers fell sharply after these announcements.
In April, for the first time in Europe from the AUTSOLD Elono Musk in Europe, according to the car investigation automica in the car industry.
Tesla is fighting with increased competition and hit on her brand after alliance Mr. MUS with US President Donald Trum.
Association of European car manufacturers said The sale of Tesla cars in Europe and the UK is roughly halved last month, with only 7,261 new registrations in April compared to almost 14,230 last year.
The decline came as the total car sales was a rough-year-old year, although new registrations of electric car batteries have skipped more than 27% compared to April 2024. Years.
Musk said earlier this month that the sales issues of the company isolated in Europe, with strong demand in other regions.
