Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Volvo to cut 4,000 jobs worldwide]]>http://www.autoblog.com/2008/10/08/volvo-to-cut-4-000-jobs-worldwide/http://www.autoblog.com/2008/10/08/volvo-to-cut-4-000-jobs-worldwide/http://www.autoblog.com/2008/10/08/volvo-to-cut-4-000-jobs-worldwide/#commentsFiled under: ,

Times are tough for Sweden's safest automaker. Ford-owned Volvo has seen its sales decline by alarming amounts so far this year. In fact, in last month's By The Numbers post, the automaker's 51.8% drop in U.S. sales trailed only HUMMER's stratospheric plunge. Fewer cars produced means fewer workers are needed, and with numbers like that, it's no wonder that Volvo needs to cut the rank and file a bit. Volvo announced today that 4,000 jobs worldwide will be cut. That figure includes some 2,230 employees at Volvo Car Corporation in Gothenburg, Sweden as well as 1,300 people, including contractors, outside its home country. After all is said and done, the total number of job cuts, including those already announced before today, will be about 6,000. The sober-sounding press release is pasted after the break.

[Source: Volvo]

Continue reading Volvo to cut 4,000 jobs worldwide

Volvo to cut 4,000 jobs worldwide originally appeared on Autoblog on Wed, 08 Oct 2008 17:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>volvovolvo jobvolvo job cutsvolvo jobsvolvo salesVolvoJobVolvoJobCutsVolvoJobsVolvoSalesWed, 08 Oct 2008 17:31:00 EST<![CDATA[Volvo to shed 900 jobs in Sweden]]>http://www.autoblog.com/2008/09/12/volvo-to-shed-900-jobs-in-sweden/http://www.autoblog.com/2008/09/12/volvo-to-shed-900-jobs-in-sweden/http://www.autoblog.com/2008/09/12/volvo-to-shed-900-jobs-in-sweden/#commentsFiled under: , ,

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]

Volvo to shed 900 jobs in Sweden originally appeared on Autoblog on Fri, 12 Sep 2008 17:31:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>goteborggoteborg swedenGoteborgSwedenvolvovolvo jobvolvo job cutsvolvo jobsVolvoJobVolvoJobCutsVolvoJobsFri, 12 Sep 2008 17:31:00 EST<![CDATA[REPORT: Ford looking to offload Volvo on Chinese, cutting 2,000 jobs]]>http://www.autoblog.com/2008/06/25/report-ford-looking-to-offload-volvo-on-chinese-cutting-2-000/http://www.autoblog.com/2008/06/25/report-ford-looking-to-offload-volvo-on-chinese-cutting-2-000/http://www.autoblog.com/2008/06/25/report-ford-looking-to-offload-volvo-on-chinese-cutting-2-000/#commentsFiled under: ,

Ford might be looking to sell Volvo to a Chinese company according to a report by Dagens Industri and followed up by Automotive News. Sources are saying that Shanghai Automotive Industry Corp. may be one of the potential suitors, while a Russian investor has also expressed interest in Ford's Swedish arm. FoMoCo's CEO, Alan Mulally began a strategic review of the automaker last year and the possible sale of Volvo was reported to be in the cards. However, Ford denied such a plan at the time and when AN contacted a Ford spokesperson for comment about the report today they said, "We have been consistently saying since the end of last year that Volvo is not for sale. We are focused on improving Volvo's business results."

Regardless, news of the possible sale of Volvo comes on the same day Ford announced that 2,000 workers will be laid off in an effort to cut costs due to an overall weak market and rising material costs. Volvo is hoping to slash around $662 million in costs, with the primary cuts coming from workers in Sweden. 1,200 workers were informed of the cuts today, and overall, 1,400 white-collar staff and 600 blue-collar jobs are on the chopping block.

[Source: Automotive News - Sub. Req.]

REPORT: Ford looking to offload Volvo on Chinese, cutting 2,000 jobs originally appeared on Autoblog on Wed, 25 Jun 2008 10:55:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>breakingfor saleForSaleshaghai automotiveShaghaiAutomotivevolvovolvo job cutsvolvo sale chineseVolvoJobCutsVolvoSaleChineseWed, 25 Jun 2008 10:55:00 EST