Volvo said to cut up to 800 U.S. jobs over tariff uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 19 2025
0mins
Should l Buy ?
Source: SeekingAlpha
Layoffs Announcement: Volvo Group North America plans to lay off between 550 to 800 workers across three U.S. facilities due to uncertainty and demand concerns linked to President Trump's tariffs.
Impact of Tariffs: The layoffs will affect the Mack Trucks site in Pennsylvania and two Volvo facilities in Virginia and Maryland, as heavy-duty truck orders are declining due to market uncertainties and regulatory changes.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
