Swedish automaker Volvo plans to fire approximately 3,000 employees as part of its new cash action plan. The company announced the cuts in a press release Monday as it said the cuts were meant to address "global redundancies" as part of a nearly $1.

The Volvo Cars layoffs mark another cut in the automotive industry’s attempt to cut costs and realign the business with consumer needs.

Frankfurt (Germany): Volvo Cars has announced plans to reduce 3,000 jobs globally as part of a broad cost-cutting initiative, citing industry-wide pressures such as international trade tensions and economic uncertainty.

Volvo Group’s decision to lay off nearly 1,000 workers is part of the global attack on the jobs, wages and conditions of the working class. These attacks must be resisted!