Volvo Cars Plans 5% Workforce Cut in US Factory
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Volvo Cars plans to cut 5% of its workforce at its Charleston factory in South Carolina, affecting 125 employees out of 2,500, due to challenging market conditions. Despite these cuts, the company remains committed to creating 4,000 jobs to boost production in the state. The cuts are not related to previously announced redundancies aimed at saving 18 billion kronor in costs.
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