Volvo Lay off Job Cut: Volvo laid off fires 1000 employees: Finance Trading Times

Volvo Lay off Job Cut: Volvo laid off fires 1000 employees

It was last month in October when there were reports about Volvo lay off & job cuts and the same has continued.
Bad news is coming from all sectors of the inductry. In last few days, there was the bad news about the General Motors GM Lay off Job Cut and then it was the DHL Lay off Job Cut and today, the truck and bus maker Volvo of Sweden has declared a huge lay off or job cut of nearly 1000 employees primarily based in Sweden as well in in the USA.Volvo Lay off Job Cut

Where will the Volvo Lay off Job Cut primarily happen?
The primary locations of Volvo Job Cut would be Sweden and partially USA. Around 900 workers in Sweden and 65 in Hagerstown, Md. would loose their jobs. Few consultants in Sweden will also lose their jobs.

How many employees will be laid off in the Volvo Lay off Job Cut
A total of around 1000 emplyees of Volvo would be laid off.

What are the reasons for the Volvo Lay off Job Cut
The same reasons - as quoted by all companies going for lay offs - Global financial turmoil, reduction in demand , etc. etc.

Which business units will be affected by the Volvo Lay off Job Cut
The unit making engines, gear boxes and rear axles for trucks.

Let's hope that alternative jobs are available to the affected employees of Volvo Lay off.
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