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

08.11Harrods boss tells BBC he is 'dreadfully sorry' for Al Fayed abuse
08.11Nissan to lay off thousands of workers as sales drop
08.11Up close with the 300 tonne driverless trucks
08.11China is trying to fix its economy. Trump could derail those plans
07.11US cuts interest rates as Trump election raises uncertainty
07.11House prices at record high, says Halifax
07.11Amino updates Android STB portfolio with Amigo 7Y launch
07.11Sainsbury's and M&S warn Budget may push up prices
Consumer Goods and Services »
08.11Hurricane Rafael Graphics
08.11Hurricane Rafael Forecast Discussion Number 19
08.11Hurricane Rafael Wind Speed Probabilities Number 19
08.11Hurricane Rafael Public Advisory Number 19
08.11Summary for Hurricane Rafael (AT3/AL182024)
08.11Harrods boss tells BBC he is 'dreadfully sorry' for Al Fayed abuse
08.11Hurricane Rafael Forecast Advisory Number 19
08.11Atlantic Tropical Weather Outlook
More »