www.antena3.ro/economic/auto/volvo-mai-da-afara-2-

Volvo plans to lay off 2,500 employees, primarily in Sweden, following a significant operational loss in Q3. The company's shares dropped nearly 30% after the announcement. Volvo reported an operational loss of 3.7 billion SEK, much worse than expected. The company faces challenges including fluctuating demand for electric vehicles and increasing tariffs. CEO Håkan Samuelsson emphasized the need for decisive recovery measures, including additional cost cuts. The layoffs will affect about 6% of the workforce, with a focus on Sweden. Volvo aims to prioritize profit margins over market share in China and the U.S.