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Apr 23, 2009

TRUCKMAKERS' NEWS * Sweden - Volvo Slashes 1,500 More Jobs

Stockholm,Sweden -The Wall Street Journal (NY,USA), by OLA KINNANDER -23 April 2009: -- Sweden's AB Volvo, which in recent months has dismissed thousands of workers in a bid to cut costs, Wednesday said it was laying off 1,543 more workers in Sweden... The truck maker -- which since September has laid off about 15,000 workers, about half of those in Sweden -- cited a "sharp decline on world markets for heavy vehicles"... Volvo's truck division, the world's largest truck maker by sales after Daimler AG, is giving notice to 655 employees. The construction-equipment unit is laying off 125 workers and 100 consultants...

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