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Volvo Cars intends to slow down three thousand employees

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The manufacturer of cars Volvo Cars has decided to dismiss three thousand employees. According to the media, this is the result of a trade war caused by US President Donald Trump.

In a statement, the president of Hakan Samuelsson emphasized that the structural reduction of costs, which is mainly to apply to office staff, is necessary because of the “difficult period that the automotive industry is undergoing.”

Decrease in Volvo Cars profits

As noted by the newspaper “Goeteborgs-Pesten”, a Swedish passenger car manufacturer belonging to a Chinese investor has recently noted a much lower profit. In April, in an interview with this diary, Samuelsson announced an increase in production in plants in USA In the state of South Carolina for further car models.

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By decision of the US President Donald Trump A duty of 25 percent has been in force since the beginning of April. for cars imported to the United States from Europe. This does not apply to foreign cars produced in the USA.

The announced employment reduction in Volvo Cars means saying goodbye to 15 percent. mental workers. According to “Goeteborgs-Pesten”, the largest exemptions of this kind in this company since the financial crisis in 2008. In 2010, shares in the group's financial trouble were bought by the Chinese car manufacturer Geely Auto.

“Volvo Cars is no longer a Swedish company”

“We must realize that Volvo Cars is no longer a Swedish company, and Geely no longer has any sentimental relationships with Goeteborg,” wrote the journalist “Goeteborgs -Pesten” in the commentary.

Currently, Volvo Cars employs over 43,000 in the world. people, including over 22,000 workers and over 21 thousand office workers. The company is the largest employer in Goeteborg, from which it comes and where it employs 19 thousand. people, including over 10,000 office workers. In Europe, he has factories in Goeteborg and in Ghent in Belgium. Some car models are produced in China.

The level of unemployment in Sweden It belongs to one of the highest in the EU. According to the Swedish Central Statistical Office, this indicator in April was 8.9 percent. Unemployment registered at the Employment Employment Office accounts for 6.9 percent.

Source of the main photo: Filmbildfabrik / Shutterstock



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