newsweek.ro/auto/volvo-se-clatina-si-sub-patronaju

Volvo, under Geely's ownership, is facing challenges with disappointing electric vehicle sales and has announced a reduction of 2,500 jobs in Sweden. This follows previous layoffs and a significant cost-cutting plan due to pressures from the European auto market and U.S. tariffs. The company aims to implement these job cuts through voluntary departures rather than direct layoffs, focusing on reducing costs amid a difficult industry landscape.