Volvo Group has not formally exited the Russian market, but it is making staffing adjustments within the next year. This update comes via the RIA Novosti Telegram channel, which cites the company’s own statements as the source of the information.
In a statement, Volvo Group explained that it is aligning its Russian operations with the shifting market conditions. The plan involves reducing a portion of the workforce over the coming year as the company seeks to recalibrate its presence in the country while continuing to meet core obligations to customers and partners.
Earlier, on February 28, The Wall Street Journal reported that Volvo had paused both production and sales of vehicles in Russia. The Russian office of Volvo clarified that employment protections would be maintained, salaries would continue to be paid, and warranty service for vehicles would remain in effect during the transition, underscoring the company’s commitment to existing customers and staff despite the shift in operations.
Meanwhile, observers noted renewed pressure from the Public Consumer Initiative (PCI), which has advocated legal action against several major foreign truck manufacturers operating in Russia, including Scania, Volvo, MAN, Mercedes, and Iveco. The PCI has also called for oversight or seizure of spare parts kits for vehicles of these brands held within Russia, signaling ongoing scrutiny of multinational automakers in the region.