Volvo Cars has announced a substantial workforce reduction in Sweden, confirming that about 1.3 thousand employees will be affected across the country. The breakdown shows that roughly 1.1 thousand positions are linked to partner companies, while the remaining roles are spread across various business units within Sweden. The company’s press office provided the figures, emphasizing that this adjustment accounts for about six percent of Volvo’s total Swedish workforce. The move is part of a broader effort to streamline operations while preserving the company’s core capabilities in research, development, and manufacturing. In the wake of these reductions, Volvo stresses that the changes are targeted and governed by a strategic plan rather than a sudden shift in business priorities.
Volvo Cars’ leadership highlights that the reductions are connected to a cost optimization program that has been in motion since the previous year. According to Volvo’s management, the program is starting to yield measurable improvements in several critical areas, including efficiency gains and more disciplined financial management. These early results are presented as signs that the company is on a path to stronger profitability and resilience, even as it continues to invest in essential technologies and global operations. The company notes that ongoing cost discipline will extend into the near term, with a focus on reducing unnecessary expenses and simplifying administrative processes.
Looking ahead, Volvo conveys an intention to further decrease costs and boost the effectiveness of its worldwide operations. The outlined strategy includes a continued reduction in the use of external consultants and purchased services, with the aim of achieving leaner and more predictable operating performance. This approach reflects a commitment to optimizing the company’s cost structure while maintaining the capabilities required to support its product lineup and long-term growth plans.
Meanwhile, in a different market development, it is reported that the Chery Tiggo 7 Pro Max crossover in Russia has gained a new Elite package, priced at 130 thousand rubles. This new package is presented as an improvement over the prior baseline, offering a more affordable option compared with the previously available lowest-priced configuration. This development illustrates how competitive pricing and package innovations are shaping consumer choices in the region.