Volvo To Cut 900 Additional Jobs By October

http://www.EmploymentCrossing.com Volvo Cars, of Sweeden, owned by Ford Motors, has moved up plans to cut 900 more positions by next month. Originally, Volvo had planned to eliminate 2,000 jobs and a shift at its Torslanda, Sweeden plant by December. But given a dismal global market, the company was forced to slash sooner, to stay afloat. "The rapid decline of market conditions in Europe over the past months, in combination with the difficult U.S. market and a slowdown of growth in emerging markets, has resulted in a significant impact on the car industry as a whole," Volvo Cars said in a statement. With a drop-off in demand, along with a rise in material costs, the automotive industry has had continuous struggles across the board. Volume car brands are the ones that make headlines, while premium cars, like Volvo, are put in, arguably, greater bind. As for their parent company, Ford, who purchased Volvo in 1999, theyre feeling the heat at all levels.

Category:

News & Politics

Tags:

• video
• Volvo To Cut 900 Additional Jobs By October
• Cars
• Ford Motors
• Sweeden
• to cut more positions by next month
• eliminate 000 jobs and shift
• Torslanda
• dismal global market
• rapid decline of market conditions in Europe
• drop-off demand
• a rise material costs
• premium cars
• volume car brands
• purchased Volvo 1999