Volvo to Cut 3,000 Jobs Amid Trade Uncertainty

Swedish-Chinese car manufacturer Volvo Cars plans to cut around 3,000 white-collar jobs, mainly in Sweden, as part of an 18 billion SEK cost-cutting strategy amid industry challenges like tariffs, slowing sales, and market uncertainties. This follows a broader trend of layoffs in the auto industry, including Nissan and others, as companies adapt to economic pressures and shifting market dynamics, especially in electric vehicle markets.