US EditionVolvo Starts Layoff Process at Shanghai Office Amid Global Restructuring · TechNode
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3 Articles
Volvo starts layoff process at Shanghai office amid global restructuring · TechNode
Sweden-founded carmaker Volvo Cars has begun the layoff process at its research and development center in Shanghai as part of a wave of 3,000 job cuts it announced in May, making it the latest international automaker to reduce its workforce on the back of declining sales in China. One-on-one meetings about departures started last week and the layoffs are affecting research, engineering, and supply chain management functions at Volvo’s Shanghai o…
Håkan Samuelsson, executive director and president of Volvo Cars, speaks very clearly about the current situation of the European automotive industry and about the steps that must be taken in the EU in the face of the expansion of Chinese brands. 2025 seems to be being a much more "quiet" year for the automotive industry here in Europe. If you remember, in 2024 the present day was led first by the approval of the additional tariffs on Chinese el…
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