Search
Volvo Announces Layoffs in China Amid Global Operational Challenges
2 day ago /
Read about 0 minute
Author：小编
In response to global operational pressures, particularly the slumping sales in the Chinese market, Volvo has announced plans to lay off 3,000 employees, including members of its Chinese staff. The company intends to scale back its sales target for China to 156,400 units in 2024, marking an 8% year-on-year decline. This reduction in workforce, which comprises roughly 15% of the company's white-collar staff, is anticipated to incur a one-time restructuring cost of RMB 1.1 billion. The structural adjustment is expected to be finalized by the end of this autumn.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
