Layoffs hit up to 350 more workers at Volvo Trucks plant in Virginia
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Volvo Trucks North America is set to lay off up to 350 workers at its New River Valley plant in Virginia by June 27, as part of a broader reduction affecting up to 800 employees nationwide. This follows a previous layoff announcement in February. The layoffs are attributed to market uncertainties regarding freight rates, demand, and regulatory changes. Overall, the total layoffs at the New River Valley plant are expected to reach between 430 and 530 employees. Volvo also announced layoffs at its other plants in Pennsylvania and Maryland.
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