VOLVO's news * USA: To lay off 300 workers -
* Virginia - Volvo Trucks to lay off 300 factory workers
Volvo Trucks North America plans to lay off 300 workers at its New River Valley Plant in Dublin, Va., in September... The Swedish truck company blamed sagging sales in the heavy-duty truck market for the cutback. It follows a layoff of 500 employees at the Virginia factory in February... Volvo on Tuesday also reported profits and sales fell in the second quarter. The company also lowered its industrywide 2016 North American market forecast to 240,000 units, down 10,000 trucks from its first quarter projection of 250,000. In the last quarter of 2015, Volvo had anticipated the industry would build 327,000 trucks for the North American market... Approximately 1,950 workers will remain at the plant, Mies said. It had employed about 2,800 employees at the beginning of 2016. The 1.6 million-square foot New River Valley Plant is Volvo’s largest truck manufacturing facility in the world...
(Photo from Volvo: Workers assemble trucks at Volvo's New River Valley, Va., factory) -- New River Valley, VA, USA - Trucks.com, by CLARISSA HAWES - JULY 19, 2016
Labels: truckmakers news USA