Create a free Manufacturing.net account to continue

Volvo Cuts 600 Jobs In Sweden, Belgium

Swedish truck maker Volvo AB says it will lay off 600 more workers at plants in Sweden and Belgium due to declining demand in Europe.

STOCKHOLM, Sweden (AP) -- Swedish truck maker Volvo AB says it will lay off 600 more workers at plants in Sweden and Belgium due to declining demand in Europe.

Volvo spokesman Stafan Karlsson said Wednesday the job cuts will affect 200 staffers at its plant in Ghent, Belgium, 250 workers in Goteborg, western Sweden, and 150 employees in Umea, northern Sweden.

He said the financial crisis has meant customers in Europe are holding back their truck orders.

The company previously gave notice to 1,400 truck workers in September, and has also cut 1,300 staff at its construction equipment unit.

More in Supply Chain