US EditionVolvo Cars to cut 125 jobs at US plant in South Carolina
- Volvo Cars announced it will cut about 125 jobs, a 5% workforce reduction, at its Charleston, South Carolina, plant on Wednesday.
- The layoffs follow recent production changes and reflect economic uncertainty fueled by new tariffs on auto parts and vehicles imposed by the U.S. Government.
- The Charleston facility, which began operations in 2018, employs around 2,500 people and specializes in manufacturing the EX90 battery-electric SUV along with the Polestar 3 model, with an annual production capacity of 150,000 vehicles.
- A Volvo spokesperson said the company aims to lower costs by $1.88 billion, improve cash flow, and maintain a commitment to adding 4,000 jobs in South Carolina over time.
- This reduction suggests Volvo is balancing investments and cost efficiency amid market challenges but continues to view the U.S. As a key long-term market.
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Volvo cutting over 100 jobs at South Carolina plant amid tariff uncertainty
Volvo Cars has announced that it will slash 5% of its workforce at its South Carolina plant on Wednesday in response to shifting trade policies, such as the recent tariffs implemented by the United States. The Charleston, South Carolina, factory…
Volvo Cars to cut 125 jobs at US plant in South Carolina
Volvo Cars said on Wednesday it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and evolving trade policies, including tariffs.
·United Kingdom
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