07-05-2025
Volvo Cars to cut 125 jobs at US plant in South Carolina
STOCKHOLM, May 7 (Reuters) - Volvo Cars (
, opens new tab said on Wednesday it would make production changes and cut 5% of the workforce at its Charleston plant in the United States due to changing market conditions and evolving trade policies, including tariffs.
A spokesperson for Volvo Cars said the changes would affect 125 of the 2,500 employees at its plant in South Carolina.
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The company said in an emailed statement that the cuts were not included in the redundancies announced together with its earnings for the first quarter last week, when it said it would slash costs by 18 billion Swedish crowns ($1.88 billion).
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Volvo Cars said it remained committed to its long-term future in the United States and that it was balancing investments with the need to reduce costs.
($1 = 9.5804 Swedish crowns)
Reporting by Marie Mannes, editing by Louise Breusch Rasmussen and Tomasz Janowski
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