Volvo Cars Freezes Office Hiring as Its Shares Hit a Record Low
8 Articles
8 Articles
Volvo Cars has implemented a global hiring freeze for white-collar workers, according to information obtained by industry publication Automotive News. The company confirms the new rules for GP.
Volvo Cars freezes office hiring as its shares hit a record low
The Volvo Cars freeze covers about 20,000 office staff, not the plants Volvo Cars employs about 20,000 white-collar staff worldwide, and the freeze applies to all of them. The memo describes stopping external hiring and taking a more restrictive approach to external spending, which covers recruitment, contingent workers and consultancy. Internal job moves are paused [...]
Volvo Cars freezes white-collar recruitment worldwide. At the same time, the company tightens control over external costs – but factories are exempt. Source
Car manufacturer Volvo Cars has introduced a global hiring freeze for white-collar workers in most areas, reports Dagens Industri. The newspaper refers to internal documents that were leaked to industry media. “We are tightening restraint on both recruitment and external costs,” writes Volvo Cars press manager Kristin Boldemann Wester in a message to the newspaper. The hiring freeze does not apply to white-collar workers at factories or planned …
Volvo Cars is pulling the emergency brake after car sales collapsed. Now the car giant is introducing a halt to new hiring of white-collar workers worldwide. There is a high risk that the Swedish car giant will soon be at a loss. Volvo Cars is taking new crisis measures to pressure costs, Automotive News reports. In an internal message seen by Automotive News, the company announces that […]
Volvo Cars, pressured by falling sales, is tightening its savings and introducing a global hiring freeze for white-collar workers in most areas. "We are now tightening restraint on both recruitment and external costs," writes press officer Kristin Boldemann Wester.
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