• Most Popular
  • Most Shared

Ford's Volvo says to cut 3,300 more jobs

Wed Oct 8, 2008 3:52am EDT

Stocks

   

STOCKHOLM, Oct 8 (Reuters) - Volvo Car Corporation, owned by U.S. automaker Ford Motor Co (F.N), said on Wednesday it plans to shed 3,300 jobs in addition to cuts announced earlier this year.

Stocks  |  Global Markets

A spokeswoman for the company, which is grappling with weak market demand and surging raw material costs, said 2,700 jobs would be cut in Sweden while 600 would be shed in the company's operations abroad.

The measures come on top of a reduction by 2,000 jobs announced in June.

Stocks
Global Markets


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets