Due to market problems, the Swedish car giant will also be released
The Swedish car manufacturer Volvo will dismiss 3,000 employees due to cost reduction. Office workers in Sweden will be the most striking, with Volvo firing more than 20,000 workers in less than a year, or about 15 percent of the total workforce, writes BBC.
The global automotive industry has been facing obstacles for a long time, the largest of which are customs duties Donald Trumpwith which the US president has shaken the entire economy.
« We have decided to forgive with a heavy heart, but we are convinced that this is a real step towards even better quality cars of our brand, » he said Håkan SamuelssonCEO of Volvo Cars. According to him, this is another radical moves that were forced to intervene because of the bad conditions in the automotive market.
A company, which has its largest production facilities in Sweden, Belgium, USA and China, sold eleven percent less cars in April in April. April was in Tesla’s problems againsince Chinese byd first overtook her on sale.
It is BYD that announced new price decreases, and their cheapest Seagull car (renamed SURF in Europe) is already out of 20,000 and 25,000 euros already outperforming European competition – without accessories, the lowest Volvo EX30 is about 10,000 euros.
Byd Surf at a presentation in Berlin Photo: Annegret Hilse/Reuters
Volvo sold the American Mogotec Ford in 2010 to the Chinese company Geely, which is now one of the biggest competitors to European motoring companies.
Three years ago, the Swedish company set itself the goal of making only electric cars by the end of 2030. Last year, they produced the latest XC90 model with an internal combustion engine, but then the dream of a completely electric future due to sales and finances quickly faded.
