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Volvo Cutting Hundreds of Jobs

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May 14, 2019—Volvo is cutting several hundred jobs, reported Reuters.

The carmaker, whose number of employees has more than doubled over the past decade to about 43,000, confirmed it was reviewing staff and other costs to ensure its business had the “right skills”.

The jobs primarily affected are those of consultants, according to the report. The jobs of staff involved in factory-production are not affected.

The company has reported lower first-quarter profit and said margins will remain under pressure this year. 

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