https://www.reuters.com/business/autos-transportation/volvo-cars-cut-3000-jobs-restructuring-2025-05-26/
STOCKHOLM, May 26 (Reuters) - Volvo Cars (VOLCARb.ST), opens new tab 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.
Layoffs represent some 15% of company's total office staff
Group announced plans last month to slash costs by $1.9 billion
Volvo Cars more exposed than many European peers to U.S. tariffs