Filed under: Hirings/Firings/Layoffs, Volvo, Earnings/Financials
Volvo to shed 900 jobs in Sweden
Amidst constant rumors of a sale of the Volvo brand, and the constant denials from Ford, the brand has seen some massive sales declines, both in Europe and in the United States. Even if Ford does choose to keep the brand, which does seem likely at the moment, fewer cars to sell means fewer workers needed. The latest round of cuts is said to amount to about 900 jobs in 2009, all of which could come from its home country of Sweden. An entire shift will be canceled at its plant in Goteborg in the western side of the country, which may or may not include a portion of those 900 job losses. It would appear that new president and CEO Stephen Odell has his work cut out for him as he attempts to turn the automaker around.[Source: The Detroit News]
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Reader Comments (Page 1 of 1)
Andrew 5:51PM (9/12/2008)
Göteborg would be "Gothenburg" for all you English speakers out there.
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OOMPH! 7:34PM (9/12/2008)
...duh : )
Andrew 8:29PM (9/12/2008)
My point was that the article says "Goteborg"... either call it Göteborg or Gothenburg.
CPT 7:20PM (9/12/2008)
Please hustle Odell ! Here you have an incredible brand that has experienced troubles that could have been minimized simply by having stronger leadership.
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Kumar 10:42AM (9/13/2008)
a few things that would help
smaller gas engines (supposedly on the way)
diesel engines
If I'm looking at the C30, I'm doing so thinking it's going to be pretty fuel efficient....not so much.
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Paul M. Watson 12:27PM (9/13/2008)
Sad news. I bought a Volvo V50 1.6d recently and it is a fantastic car. Not the fastest obviously but it sips diesel, is quite and refined, lugs loads and feels well built.
My first Volvo has made me want to get another (the XC60 looks nice.)
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