Volvo Cut US Jobs: Volvo Group has revealed plans to lay off up to 800 workers at three of its U.S. plants over the next three months, citing ongoing market instability and reduced demand, worsened by tariffs imposed during former President Donald Trump’s administration. The affected facilities include the Mack Trucks plant in Macungie, Pennsylvania, along with Volvo Group locations in Dublin, Virginia, and Hagerstown, Maryland.
In a statement on Friday, April 18, Volvo Group North America confirmed that between 550 and 800 employees would be impacted. The company, a subsidiary of Sweden’s AB Volvo, employs nearly 20,000 people across North America.
The layoffs come amid broader challenges in the automotive and manufacturing industries, as changing U.S. trade policies and tariffs continue to increase production costs. Economists have pointed to the uncertainty surrounding Trump’s trade policies as a key factor eroding both business and consumer confidence, with growing concerns over a potential economic slowdown or recession.
Still on Volvo Cut US Jobs
Volvo explained that the company is facing a drop in heavy-duty truck orders, driven by instability in freight rates, expected regulatory changes, and the escalating financial strain of tariffs. “We regret having to take this action, but we need to adjust production to the reduced demand for our vehicles,” a company spokesperson said in an email quoted by Reuters.
Volvo’s announcement adds to the challenges facing an industry already struggling with complex supply chain issues and volatile market conditions, with other manufacturers also warning of potential cost increases and disruptions linked to global trade conflicts.
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