200 jobs are being laid off when Volvo company closes down

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200 jobs are being laid off when Volvo company closes down
Photo: Björn Larsson Rosvall/TT

Volvo Cars will close its subsidiary Volvo Bil in Gothenburg, they write in a press release. Over 200 jobs will be affected.

The company is engaged in the repair and resale of leased cars within the Volvo Group. 200 positions within Volvo Bil and 20 positions within Volvo Cars Sweden are being made redundant.

"The decision has not been easy, but it is crucial for us to be able to focus on our core business and create a more efficient organization," says Jessica Span, CEO of Volvo Cars Sweden, in a press release.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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