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Coverage dated May 25, 2025

Sweden's Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

Headline from NBC Los Angeles

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last month.

NBC Los Angeles's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Read the reports

Reports & sources

7 articles, oldest first.

  1. NBC Los Angeles

    Sweden's Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive (opens NBC Los Angeles)

    Published

    NBC Los Angeles's feed description

    The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last month.

  2. Seattle Times

    Volvo Cars cutting 3,000 jobs to reduce costs (opens Seattle Times)

    Published

    Seattle Times's feed description

    Sweden-based Volvo Cars is eliminating 3,000 positions as part of a cost-cutting program as the automotive industry faces challenges from trade tensions and economic uncertainty.

  3. The Hill

    Volvo to cut 3,000 jobs as Trump tariffs rattle auto market (opens The Hill)

    Published

    The Hill's feed description

    Volvo announced it plans to cut 3,000 positions as President Trump’s tariffs continue to rattle the auto market. The Sweden-based car company said in a release Monday that the move is part of its “cost and cash action plan” that is designed to build a stronger company as the industry faces “consider…

  4. New York Post

    Volvo Cars to slash 3,000 jobs in white-collar cutback (opens New York Post)

    Published

    New York Post's feed description

    Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday.

  5. Al Jazeera

    Volvo to cut 3,000 jobs amid trade uncertainty (opens Al Jazeera)

    Published

    Al Jazeera's feed description

    The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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