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Company targets further savings, largely affecting Sweden.
Volvo Cars announced October 23 that it plans to remove roughly 2,500 positions globally, including 2,000 in Sweden.
The automaker reported a SEK 5.6-billion third-quarter operating loss and targeted another SEK 5 billion in cost reductions.
It says the workforce changes involve ending consultant contracts, attrition and targeted exit packages. Full financial effects are expected by the end of 2027.
Source: Volvo Cars, October 23.
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Lucy’s Morning Broadcast — October 24, 2026
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