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More layoffs at Volvo Group

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More layoffs at Volvo Group
12:45 CEST+02:00
Volvo Group announced on Wednesday it was cutting an additional 1,543 jobs in Sweden, with most redundancies coming at the group's Volvo Truck division.

"As a result of the sharp decline on world markets for heavy vehicles, the Volvo Group is being forced to implement new personnel reductions within its Swedish operations," it said in a statement.

"A total of 1,543 employees are affected when Volvo Trucks, Volvo Construction Equipment, Volvo Penta and Volvo Powertrain today announced new layoffs," it added.

The company has in recent months announced 5,800 job cuts.

Volvo Group has earlier said that during 2008 and 2009 a total of 16,255 permanent and temporary employees and consultants were to leave the group.

At the end of 2008, Volvo Group had 101,381 employees.

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