AB Volvo plans to cut approximately 4,100 white-collar jobs from its workforce during the second half of 2020 due to the COVID-19 pandemic. “The corona epidemic and the global measures taken to fight it has led to a market situation impacting our industry severely,” said Volvo CEO Martin Lundstedt. “The effects are expected to be lower demand going forward and we need to continue to adjust our organization accordingly.” Around 15% of the anticipated reductions are consultants. (Source: Reuters) Read the original article…
