Financial Times FT.com

Volvo to cut more jobs as downturn bites

STOCKHOLM, Jan 13 - World number two truckmaker Volvo said on Tuesday it had given notice to 1,620 employees at its Swedish operations as it sought to adjust to weaker market demand.

A spokesman for the company said 1,020 employees had been given notice of redundancy within its Volvo Trucks business while a further 600 employees had been given notice at its powertrain unit.

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