Volvo Group plans to lay off up to 800 workers within the US due to uncertainty over Trump’s tariff coverage.
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REUTERS
Volvo Group is making ready to lay off as many as 800 workers at three US websites within the coming months amid uncertainty over how President Donald Trump’s tariff coverage will have an effect on demand, Reuters reported.
The Swedish truckmaker has knowledgeable workers that it’ll lower 550 to 800 jobs at its Mack Vans manufacturing facility in Macungie, Pennsylvania, and two Volvo amenities in Dublin, Virginia, and Hagerstown, Maryland, the company stated on Friday, citing the corporate.
Volvo wants to align manufacturing with lowered demand for its automobiles, Reuters cited a spokesperson as saying. The Swedish truckmaker employs nearly 20,000 individuals in North America, in accordance to its web site.
Trump’s tariffs are wreaking havoc on an business dealing with growing prices and provide chain upheaval.
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