Volvo Cars cuts 1,300 Swedish jobs as pandemic speeds up change [MSN Money]
Ford Motor Company (F)
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Source: MSN Money
(Bloomberg) -- Volvo Cars will lay off ,00 white-collar employe in Swed, with the carmaker saying it needs to step up its shift to new products and busins models amid the coronavirus pandemic.© BloombergThe layoffs have become more urgt as measur to isolate populations and rtrict travel weigh on car sal, Volvo said. The pandemic has forced carmakers around the globe to halt production and react to arapid slumpLoad Error“We can’t expect customers to come back and demand exactly the same products as before the crisis,” Chief Executive Hakan Samuelsson said in a phone interview. “The coronavirus means that it’s ev more important to change rapidly, and doing it by voluntary redundanci won’t be fast ough.”Zhejiang Geely Holding Group Co. bought Volvo Cars from Ford Motor Co. in the wake of the financial crisis. Since th, the carmaker has revamped its lineup and invted in new busins models, includingsubscriptionManufacturing operations will not be affected by the cuts, the company said.For
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