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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