Volvo cars, owned by many ChinaGeely Holding, on April 29 reveals a program of costs of 18 billion Sweden ($ 1.9 billion
In the first quarter, the auto makes 43,500 full-time employees and 3,000 agency agency staff, according to its income report.
Volvo cars say a statement that decreases primarily affect the office-based positions of Supeden and represents approximately 15% of the total office-based staff in the world.
“The automotive industry is in the middle of a challenging time. To answer this, we must improve our cash flow generation and abstain under our expenses,” says CEO Hakan Samuelsson.
While the group announced the cost cuts in the last month it also took the financial guide, pointing out unexpected markets with tarks in the consumer and the tarks of the construction of the global auto industry. On Friday President of the US Donald Trump threatened to impose 50% tariff of imports from European Union From June 1, but on Monday he supported from date, restoring July 9 deadline to allow talks between Washington and Brussels. Samsson Friday told Reuters customers to pay a large portion of any tariff-related amount, which can be impossible to import a cheapest vehicle, in the electra opening in Belgium, in the US ($ 1 = 9.4829 sweden
