Geely Cutting Jobs in Volvo, Europe

Geely announce they are making substantial job cuts to Volvo in Sweden, as Geely also own Lotus it may not be good news for them too (although there have been recent job cuts at Lotus recently anyway).

Chinese-owned Volvo Cars to cut 3,000 jobs

The firm's boss pointed to the "challenging period" faced by the industry as a reason for the layoffs.

www.bbc.co.uk

 

[Andrew25]

The EVs aren’t “doing so well” (err..) as they originally planned. This is putting pressure on the company, they need to recover somehow, and cutting costs in one of the tools. This is sad, as this could have been avoided, but it’s a well known worldwide situation, i don’t think this is specifically going to hurt Lotus. I mean, look at what’s happening with WV