Home Volvo to cut 1,000 jobs in construction-gear unit
 

Keywords :   


Volvo to cut 1,000 jobs in construction-gear unit

2015-02-05 14:36:51| Appliances - Topix.net

Sweden's Volvo AB said Thursday it will cut 1,000 jobs in its construction equipment business as Chief Executive Olof Persson's struggle to improve the company's profitability continues. Volvo said its construction equipment operation has suffered from a deterioration in markets outside North America and as a result it will close operations in Poland, Brazil and the U.S. The job cuts come on top of a staff reduction of 4,400 white-collar employees announced last year within the framework of a program now targeting 10 billion Swedish kronor in savings by the end of 2015.

Tags: jobs unit cut volvo

Category:Consumer Goods and Services

Latest from this category

All news

27.11Loyalty cards offer genuine savings, says watchdog
27.11Aston Martin issues second profit warning in two months
27.11Online slots gambling to be limited to 5 per spin
26.11Black Friday shoppers warned to be wary of deals
26.11Trump proves he is serious on tariffs - but it's not about trade
26.11Sports service SPOTV adopts Zixi for affiliate delivery
26.11'I want to get a job but I don't know how'
26.11EQT to sell Melita to Goldman Sachs Alternatives
Consumer Goods and Services »
27.11adabat
27.11slp
27.11Nana
27.11
27.11
27.11Daiwa LABRAX ags87lml
27.11 Disney100 & Disney 100
27.11
More »