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Motor1
Motor1
Business
Jacob Oliva

Volvo Cuts 1,300 White-Collar Jobs In Sweden To Reduce Costs

The automotive industry is undergoing a major transformation as it moves towards electrification, software and core computing technologies, and direct customer engagement. In line with this, Volvo Cars has announced plans to accelerate its ongoing transformation, with a focus on cost optimization and resource efficiency.

To ensure that it can achieve its strategic ambitions, including becoming 100 percent electric by 2030 and reducing its overall CO2 footprint, Volvo Cars has decided to implement structural changes and change the way it works in certain parts of the organization.

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