Volvo looking to axe 136 jobs

Young, Dave
November 2008
Motor Transport;11/27/2008, p6
Trade Publication
The article reports that the company Volvo Trucks is planning to axe 136 of its employees, blaming the falling truck sales in third quarter in 2008. In another sign of the current downturn hitting truck sales, Volvo Trucks has started a 90-day consultation over almost 140 potential job losses across its wholly-owned dealer network and head office. Volvo Trucks has taken rapid action by adjusting production levels accordingly and is also in the process of reviewing its cost base across Europe.


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