Volvo Cars accelerates structural transformation for long-term growth
Volvo Cars is today announcing plans to accelerate its transformation to effectively position the company for long term growth. As a result, it is giving notice for a reduction of 1,300 white-collar positions in its Swedish operations, plus a continued review and reduction of consultancy contracts.
Volvo Cars aims to lead the transformation in areas such as online business, electrification, autonomous drive and new mobility models. While the company has invested and grown substantially in these areas, it now aims to reduce in non-focus areas to support further growth longer-term.
Apr 29, 2020 at 17:09