Cristiano Ronaldo may have played his last game for Al Nassr after social media post signals exit from the Saudi club.
CEO Hakan Samuelsson, who was recently brought back to the role after heading the company for a decade until 2022, unveiled a programme in April to slash costs by $1.9bn (18 billion Swedish crowns), including a substantial cut to Volvo’s white-collar staff, who make up 40 percent of its workforce.“It’s white collar in almost all areas, including R&D [research and development], communication, human resources,” Samuelsson told the Reuters news agency.
The layoffs represent around 15 percent of the company’s office staff, Volvo Cars said in a statement, and would incur a one-time restructuring cost of $160m (1.5 billion crowns).Volvo Cars’ new CFO Fredrik Hansson told Reuters that while all of its departments and locations would be impacted, most of the redundancies will happen in Gothenburg.“It’s tailored to make us structurally more efficient, and then how that plays out might vary a bit depending on the area. But no stone is left unturned,” Hansson said.
most of its production basedin Europe and China, Volvo Cars is more exposed to new United States tariffs than many of its European rivals, and has said it could become impossible to export its most affordable cars to the US.
The company said in a press release that it would finalise a new structural setup by the third quarter of this year.
Volvo withdrew its financial guidanceAccording to Gaza’s Ministry of Health, at least 54,056 Palestinians have been killed since the start of the war, which humanitarian aid groups and United Nations experts have
compared to a genocideHere are some scenes from Tuesday’s aid distribution efforts.
Afghan villagers struggle years after US dropped ‘mother of all bombs’Villagers in a remote corner of Afghanistan’s Nangarhar province are still struggling with the aftermath of the US military’s most destructive non-nuclear bomb over eight years after it was dropped.