Volvo recently said it would cut 1,200 workers at plants in Gothenburg and Olofstrom and 500 consultant positions.

"We looking at a redundancy of about 900 people on account of our lower sales. We need to fit into a new suit and can't afford to be adding to the team," Volvo spokesperson Olle Axelson told Swedish news agency Tidningarnas Telegrambyra.