The spokesman for Volvo Cars announced that due to changing market conditions and evolving trade policy, including tariffs, the company introduces changes at its plant in Charleston in the United States. The car manufacturer is to introduce changes in production and slow down 5 percent. employees. The exemptions will apply to about 125 out of 2,500 employees of the company factory in South Carolina.
In the future, 4,000 new jobs?
Volvo Cars, whose majority shareholder is the Chinese concern Geely Holdingalso announced that the United States still constitutes a key part of its long -term strategy and that it focuses on improving its product and production offer in the USA. In the future, the company intends to create 4,000 jobs in South Carolina And I still plan to increase production there.
The statement sent by the Reuters agency was added that new cuts were not included in the upcoming employment reductions, which were mentioned next to the financial results for the first quarter.
According to the 2024 annual report, Volvo Cars employs almost 43,000 employees worldwide. About 29,000 in Europe, about 10,000 in Asia and 3000 in the region of the Americas.
The factory in Charleston works at slow speed
Although the factory in Charleston has a production capacity of 150,000 cars per yearcurrently produces only electric SUV EX90 and Model 3 by Polestar. In the April retail sales report, the company said that from the beginning of the year Volvo sold 1316 copies of the EX90 model in the USA.
