Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

No strategy and a beige suit

Read more

AFRICA NEWS

South Africa: Four men found guilty of shooting Rwandan exile

Read more

THE WORLD THIS WEEK

The World This Week - August 29th, 2014

Read more

THE WORLD THIS WEEK

The World This Week - August 29th, 2014 (part 2)

Read more

BUSINESS DAILY

French Prime Minister calls on ECB to go further to help economy

Read more

WEB NEWS

France: fighting political corruption with transparency

Read more

WEB NEWS

Using the web to further the cause: ISIS vs USA

Read more

ENCORE!

Alain Choquette: A Hilarious Magician in Paris

Read more

FOCUS

France welcomes Iraqi Christian refugees

Read more

  • Iraqi forces free Armeli in biggest victory over IS militants since June

    Read more

  • Anti-government protesters storm Pakistan's state TV

    Read more

  • PSG trounce Saint-Etienne 5-0 with Ibrahimovic hat trick

    Read more

  • Putin calls for 'statehood' talks on eastern Ukraine

    Read more

  • Rescue efforts under way after French apartment block blast

    Read more

  • Poland marks 75 years since German invasion of WWII

    Read more

  • Israel appropriates large tracts of West Bank land

    Read more

  • Tension rises in Hong Kong as Beijing rejects open elections

    Read more

  • French police stop 'teenage jihadist' from flying to Syria

    Read more

  • Kidnapped Yazidi women 'sold to Islamists' in Syria

    Read more

  • Confusion reigns after Lesotho 'coup'

    Read more

  • France's Simon beats Ferrer to advance to last 16 in US Open

    Read more

  • French PM vows to safeguard 35-hour work week

    Read more

  • Inside Novoazovsk – the pro-Russians' latest conquest

    Read more

  • Filipino UN troops escape Islamists in Golan Heights

    Read more

  • Fugitive British killer returns to French psychiatric hospital

    Read more

Volvo to axe 2,000 jobs worldwide

Latest update : 2008-06-25

Swedish car maker Volvo, part of the Ford group, has announced a 2,000 job cut worldwide. More than half of the cuts will be in Sweden.

Swedish car maker Volvo, a unit of US auto giant Ford, said on Wednesday it planned to cut 2,000 jobs worldwide, most of them in Sweden.
  
"As part of an extensive cost reduction programme, Volvo is planning to reduce its workforce by 1,400 white collar (consultants included) and 600 blue collar members of its workforce," Volvo Cars said in a statement.
  
The group said a weak US dollar and rising raw material costs had led to a a loss in the first quarter of the year of 151 million dollars (97 million euros).
  
"In order to improve the business, Volvo Cars is implementing a cost reduction programme which is estimated to reduce the total cost level by 4 billion Swedish kronor (700 million dollars)," the statement added.
  
A total of 1,200 jobs are to be cut in Sweden.

Date created : 2008-06-25

COMMENT(S)