Swedish truck and bus maker Volvo AB has said it will lay off 1,000 staff at its powertrain unit in Sweden and the United States as the global financial crisis continues to affect the demand for heavy vehicles.
He said a number of consultants in Sweden could also receive notices.
The Volvo group has previously announced layoffs of 2,000 workers at their truck plants in Belgium and Sweden and 1,350 workers at its construction unit.
It has more than 100,000 employees worldwide, including its subsidiaries Renault Trucks, Mack Trucks and Nissan Diesel.
Image: An employee leaves the Volvo AB truck plant in Tuve outside Gothenburg, Sweden. | Photograph: Bjorn Larsson
Rosvall/AFP/Getty Images
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