Latest news with #Gothenburg-based
Daily Express
26-05-2025
- Automotive
- Daily Express
Car maker Volvo plans to cut around 3,000 office jobs
Published on: Tuesday, May 27, 2025 Published on: Tue, May 27, 2025 By: Bernama Text Size: Volvo announced at the end of April, when it reported weak first-quarter figures, that jobs would be cut and that a total of 18 billion Swedish kronor (just under US$1.9 billion) would be saved through other measures. - AFP pic FRANKFURT: Swedish car manufacturer Volvo Cars plans to cut thousands of administrative jobs as part of cost-cutting measures, the firm announced on Monday, reported German news agency dpa. A total of 3,000 jobs will be lost worldwide, according to the Gothenburg-based company, which is controlled by the Chinese Geely Group. The figure represents around 15% of all office-based jobs, with the majority of these in Sweden. In a statement, in which he announced talks with unions, Volvo chief executive Hakan Samuelsson said some tough decisions had to be made. 'The automotive industry is in the midst of a difficult phase,' he said. In order to overcome this, costs must be reduced structurally. Volvo announced at the end of April, when it reported weak first-quarter figures, that jobs would be cut and that a total of 18 billion Swedish kronor (just under US$1.9 billion) would be saved through other measures. Advertisement The package will initially involve special costs of around 1.5 billion kronor, which will be booked in the second quarter. Volvo focused early on pure battery electric vehicles (BEVs) and has suffered from high costs for battery materials in recent years. Samuelsson, who had previously led Volvo for many years, took over the helm again at the beginning of April after former boss Jim Rowan was suddenly forced to leave. Recently, the sales environment has become tougher and the company is currently unable to provide a detailed financial forecast due to uncertainty over US tariffs. The company will also focus more strongly on plug-in hybrids in the future because its ramp-up of pure electric cars has stalled. In the first quarter, the share of pure electric cars at Volvo was 19 per cent, two percentage points lower than a year earlier.
The Sun
26-05-2025
- Automotive
- The Sun
Car maker Volvo plans to cut around 3,000 office jobs
FRANKFURT: Swedish car manufacturer Volvo Cars plans to cut thousands of administrative jobs as part of cost-cutting measures, the firm announced on Monday, reported German news agency dpa. A total of 3,000 jobs will be lost worldwide, according to the Gothenburg-based company, which is controlled by the Chinese Geely Group. The figure represents around 15% of all office-based jobs, with the majority of these in Sweden. In a statement, in which he announced talks with unions, Volvo chief executive Hakan Samuelsson said some tough decisions had to be made. 'The automotive industry is in the midst of a difficult phase,' he said. In order to overcome this, costs must be reduced structurally. Volvo announced at the end of April, when it reported weak first-quarter figures, that jobs would be cut and that a total of 18 billion Swedish kronor (just under US$1.9 billion) would be saved through other measures. The package will initially involve special costs of around 1.5 billion kronor, which will be booked in the second quarter. Volvo focused early on pure battery electric vehicles (BEVs) and has suffered from high costs for battery materials in recent years. Samuelsson, who had previously led Volvo for many years, took over the helm again at the beginning of April after former boss Jim Rowan was suddenly forced to leave. Recently, the sales environment has become tougher and the company is currently unable to provide a detailed financial forecast due to uncertainty over US tariffs. The company will also focus more strongly on plug-in hybrids in the future because its ramp-up of pure electric cars has stalled. In the first quarter, the share of pure electric cars at Volvo was 19 per cent, two percentage points lower than a year earlier.
The Star
26-05-2025
- Automotive
- The Star
Car maker Volvo plans to cut around 3,000 office jobs worldwide
FRANKFURT, May 26 (Bernama-dpa): Swedish car manufacturer Volvo Cars plans to cut thousands of administrative jobs as part of cost-cutting measures, the firm announced on Monday, reported German news agency dpa. A total of 3,000 jobs will be lost worldwide, according to the Gothenburg-based company, which is controlled by the Chinese Geely Group. The figure represents around 15% of all office-based jobs, with the majority of these in Sweden. In a statement, in which he announced talks with unions, Volvo chief executive Hakan Samuelsson said some tough decisions had to be made. "The automotive industry is in the midst of a difficult phase," he said. In order to overcome this, costs must be reduced structurally. Volvo announced at the end of April, when it reported weak first-quarter figures, that jobs would be cut and that a total of 18 billion Swedish kronor (just under US$1.9 billion) would be saved through other measures. The package will initially involve special costs of around 1.5 billion kronor, which will be booked in the second quarter. Volvo focused early on pure battery electric vehicles (BEVs) and has suffered from high costs for battery materials in recent years. Samuelsson, who had previously led Volvo for many years, took over the helm again at the beginning of April after former boss Jim Rowan was suddenly forced to leave. Recently, the sales environment has become tougher and the company is currently unable to provide a detailed financial forecast due to uncertainty over US tariffs. The company will also focus more strongly on plug-in hybrids in the future because its ramp-up of pure electric cars has stalled. In the first quarter, the share of pure electric cars at Volvo was 19 per cent, two percentage points lower than a year earlier. - Bernama-dpa TAGS:
Al Etihad
26-05-2025
- Automotive
- Al Etihad
Volvo plans to cut around 3,000 office jobs
26 May 2025 18:33 FRANKFURT (dpa)Swedish car manufacturer Volvo Cars plans to cut thousands of administrative jobs as part of cost-cutting measures, the firm announced on Monday.A total of 3,000 jobs will be lost worldwide, according to the Gothenburg-based company, which is controlled by the Chinese Geely figure represents around 15% of all office-based jobs, with the majority of these in a statement, in which he announced talks with unions, Volvo chief executive Hakan Samuelsson said some tough decisions had to be made."The automotive industry is in the midst of a difficult phase," he said. In order to overcome this, costs must be reduced announced at the end of April, when it reported weak first-quarter figures, that jobs would be cut and that a total of 18 billion Swedish kronor (just under $1.9 billion) would be saved through other package will initially involve special costs of around 1.5 billion kronor, which will be booked in the second focused early on pure battery electric vehicles (BEVs) and has suffered from high costs for battery materials in recent who had previously led Volvo for many years, took over the helm again at the beginning of April after former boss Jim Rowan was suddenly forced to the sales environment has become tougher and the company is currently unable to provide a detailed financial forecast due to uncertainty over US company will also focus more strongly on plug-in hybrids in the future because its ramp-up of pure electric cars has stalled. In the first quarter, the share of pure electric cars at Volvo was 19%, two percentage points lower than a year earlier.
Business Mayor
29-04-2025
- General
- Business Mayor
villa S: andersson & stare carves minimalist statement into sweden's wild landscape
High on a rocky peak overlooking Sweden's Orust fjord, Andersson & Stare's Villa S settles into the landscape with a quiet, deliberate presence. The house traces the contours of the mountain without disturbing them, rooting itself among granite outcrops, heather, and windswept pines. A private dock, tucked discreetly at the water's edge, connects to the home above through a network of winding paths and stairways that move carefully across the steep terrain. The architecture responds to the mountain's dramatic slopes with a composition of two offset volumes, each adapted to the shifting ground. One volume lies closer to the surface, following the lines of the rock, while the other stretches to bridge a greater height difference. This organization preserves the rugged character of the site and introduces protected outdoor spaces, offering residents a series of changing spatial experiences as they move between interior and landscape. image © James Silverman a Material Palette drawn from its swedish context With its Villa S, the team at Gothenburg-based studio Andersson & Stare uses materiality as a way to deepen its connection to the surroundings. Clad in uniform wooden paneling treated to blend with the granite and forest, the house adopts a muted palette that echoes the subdued tones of the Nordic coast. Rainwater systems are integrated behind the cladding, allowing the minimalist massing to remain uninterrupted. From a distance, the house reads as a quiet insertion into the mountain, its gravel driveway curving naturally toward the entry without disrupting the landscape's flow. Villa S by Andersson & Stare is perched atop a mountain on the Swedish island of Orust Private Spaces Carved into the Landscape Andersson & Stare divides the interior programming of Villa S across the two volumes, organizing life around a clear distinction between social and private spaces. Upon entry, visitors are drawn into the social areas, where a direct line of sight leads through the house and out toward the fjord. A gabled window in the living room frames the water beyond, while large sliding doors open the interior to a terrace that extends into the mountain, inviting the landscape into daily life. The team gives equal attention to the private spaces, ensuring that seclusion does not mean separation from the setting. The master bedroom, located in the more enclosed volume, offers sweeping views of the fjord and direct access to a terrace that feels carved from the rock itself. Throughout the house, expansive openings and careful orientation foster a living experience where the landscape is always present, shaping moments of both stillness and movement. the residence offers sweeping views of the fjord and a private dock accessed by winding paths Villa S uses two offset volumes to navigate the steep site and preserve the natural landscape the exterior is clad in uniform wooden paneling designed to blend with granite and pine trees
