Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Volvo to slash additional jobs: Report  Join our daily free Newsletter

MENAFN - 08/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Volvo Car Company plans to slash its workforce further in a move to reduce costs, reported Xinhua News citing local business daily Dagens Industri (DI).

The company, whose sales fell by 5.9 percent in the January-October period to 347,532 units, reported weaker sales in all its markets, including the US and China, its two main markets, and forecasts a loss in its annual report in 2012.

The new plan is expected to affect regular workers in both production and service departments, whose number reached 22,000 in September.

On the other hand, the carmaker's development of new car models on the new SPA platform is projected to decelerate, as cash flow is steadily declining.

 






  MENA News Headlines


 
Live Currency Rates






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help