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Auto Outlook: Toyota bullish on U.S. comeback
GOTHENBURG, Sweden, Sept. 30 (UPI) -- Volvo Trucks said Tuesday it would lay off nearly 1,400 workers in plants in Belgium and Sweden to match production with slumping sales.
Volvo will negotiate with unions to make staff cuts at plants in Ghent, Belgium, and in Gothenburg and Umea, Sweden, a company statement said.
The company said 610 employees at the Gothenburg facility and 370 at the Umea cab plant would lose their jobs, The Local reported.
An additional 400 jobs would be lost in Ghent, the company said.
"A cost reduction plan will also be implemented to meet the lower sales levels and increasing raw material costs," Volvo said.
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WASHINGTON, Feb. 14 (UPI) --
White House critics say raising taxes on domestic energy is bad policy, though supporters counter the U.S. budget addresses the energy sea change.
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ARLINGTON, Va., Feb. 14 (UPI) --
The proposed U.S. budget, with its envisaged $487 billion defense spending cuts over 10 years, is seen as a "direct hit" on the aerospace and defense industry.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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