In a significant move, Volvo Cars reveals plans to cut 3,000 jobs as part of an 18 billion Swedish kronor cost-saving initiative, impacting primarily office roles in Sweden. The decision comes amid uncertainties in the automotive industry, including tariff pressures and a need for improved cash flow.
Jack in the Box announces plans to close 150 to 200 locations and explore a sale of Del Taco as it navigates financial challenges and seeks to improve cash flow and reduce debt. CEO Lance Tucker reveals tough competition and declining sales.
