Advertisement

Help
You are here: Rediff Home » India » Business » Slide Shows » Photos
Search:  Rediff.com The Web
  Email  |    Discuss  |   Get latest news on your desktop

Back Next

Meltdown: Thousands of jobs to go globally!

October 1, 2008

Volvo to cut 1,400 staff

Swedish auto giant Volvo will lay off around 1,400 workers at truck plants in Belgium and Sweden because of falling demand in Europe.

The company said 400 jobs will go at a plant in Ghent, Belgium, and 980 at two Swedish plants in Gothenburg and Umea.

Image: The Volvo logo at its headquarters in Gothenburg. | Photograph: Sven Nackstrand/AFP/Getty Images

Also read: Billionaire college dropouts!
Back Next

© 2008 Rediff.com India Limited. All Rights Reserved.Disclaimer | Feedback