Business

AB Volvo to cut white-collar workforce by 4,100 jobs as pandemic weighs

STOCKHOLM (Reuters) – Truck- and construction equipment maker AB Volvo (VOLVb.ST) plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said in a statement on Tuesday, citing the effects of the COVID-19 pandemic. The outbreak of the novel coronavirus has slammed demand for trucks, forcing Volvo and […]