The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manfacture for transport equipment Manufacture of motor vehicles, trailers and semi-trailers 29.10 - Manufacture of motor vehicles
3,000 jobs Number of planned job losses
Announcement Date
26 May 2025
Employment effect (start)
26 May 2025
Foreseen end date
30 October 2025
Description
Volvo Cars, the Swedish automotive manufacturer, has announced a major restructuring plan that will result in the reduction of approximately 3,000 jobs worldwide.
The layoffs primarily target white-collar positions and consultants, with around 1,200 employee roles and 1,000 consultants to be cut in Sweden alone. The decision is part of a broader SEK 18 billion (€1.6 billion) cost-cutting initiative aimed at creating a leaner, more efficient organisation amid high operational costs, declining demand for electric vehicles, and global trade uncertainty. The company stated that the redundancies will span all departments, including R&D, communications, and HR, with most changes expected in Gothenburg. Negotiations with labour unions have been initiated. The restructuring is intended to strengthen profitability and ensure long-term resilience, with completion expected by autumn 2025.
Volvo Cars, which has major production sites in Europe and China, faces increased exposure to trade tariffs, particularly in the U.S. market.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
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