Category Stockmarkets
China EV battery maker CATL expects weaker earnings growth for 2023 By Reuters

© Reuters. FILE PHOTO: A Volvo XC 90 car is seen during an interview with CEO Hakan Samuelsson at the Volvo Cars Showroom in Stockholm, Sweden July 5, 2017. TT News Agency/Jonas Ekstromer/via REUTERS/File Photo

STOCKHOLM (Reuters) – Swedish truck maker AB Volvo (OTC:) plans to slow down the pace of production at its Tuve plant in Gothenburg and cut 250 jobs at the facility, local daily Goteborgs-Posten reported on Tuesday, citing a company spokesperson.

The cuts at the factory, which produces heavy duty trucks, affect consultants and staff with temporary employment, it said.

AB Volvo did not immediately respond to a request for comment when contacted Reuters via biedexmarkets.com.

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