Volvo to cut up to 800 US jobs as Trump’s tariffs bite By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2025
0mins
Source: Investing.com
Layoffs Announced: Volvo Group plans to lay off between 550 and 800 workers across three U.S. facilities due to market uncertainty and demand concerns exacerbated by President Trump's tariffs.
Impact of Tariffs: The layoffs reflect broader challenges in the car and truck industry, where heavy-duty truck orders are declining due to uncertainties related to freight rates, regulatory changes, and increased manufacturing costs from tariffs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
