Volvo Axes 800 U.S. Jobs After $500 Million Profit Plunge – Truck Demand Takes a Hit
Swedish commercial vehiclemaker Volvo Group has announced plans to cut up to 800 jobs across its US operations following a sharp decline in first-quarter earnings, as per media reports. The move is necessitated due to softening demand for heavy-duty trucks and rising global trade tensions. As part of its response, Gothenburg, Sweden-based firm stated that … Read more