Volvo cuts hit white-collar ranks

Volvo Cars is taking its cost-cutting measures into the white-collar ranks. Reuters reports that the company’s Chief Executive Hakan Samuelsson told SVT public television that it was now looking to cut 1,000 positions. The bulk of these cuts, around 750, will affect consultants based in Sweden, with the rest coming Subscribe to Automotive World to … Continued

• By Megan Lampinen
• February 21, 2013