Volvo to Lay Off 2,000 Employees

Ford Motor Company’s Volvo Cars unit is planning to cut 2,000 jobs as part of a cost reduction programme which is estimated to reduce the total cost level by 4 billion SEK (approx. $700 million USD). The Swedish company said that it will lay off 1,400 white collar (consultants included) and 600 blue collar workers. The notice includes 1,200 employees at Volvo Car Corporation in Gothenburg (1,105