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Volvo plans job cuts

Posted on Nov 08, 02:45PM | IANS

Volvo Car Company was working on a comprehensive cost-saving plan which includes further job cuts, a media report said.

Volvo Car saw weaker sales in all the markets and was expecting a loss in its annual report this year, reported Xinhua citing Swedish business daily Dagens Industri (DI).

The plan could affect regular employees in both production and service departments, whose number was 22,000 in September this year.