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Volvo Cars to Cut 3,000 Jobs Amid Industry Challenges

Volvo Cars to Cut 3,000 Jobs Amid Industry Challenges

BUSINESS - 5/27/2025

In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.

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