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Volvo Cars will be slashing 13% of its workforce because of lack in global demand for their safe, but relatively fuel inefficient cars. 2,000 of the jobs would be blue collar jobs in Sweden.

The automaker has been hit hard by the downturn of global demand for automobiles.

Ford was once seeking a suitable buyer for Volvo, but as of last November, Ford said they were no longer for sale. Most of its employees work in the Swedish city of Goteborg.

This just proves that everyone is feeling the pinch. Volvo’s are popular cars in most countries known for their safety and performance. The fact that they are now owned by Ford (since 1999) may have something to do with why some have turned away from Volvo Cars, even though they are still produced in Sweden.

Jeremy

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