Volvo Cars to cut 2,500 jobs, mostly in Sweden

Detailed summary

The job cuts will be made through "ending consultants' contracts, natural attrition and targeted voluntary redundancy schemes", the company said. Most of the jobs at risk are in…

The job cuts will be made through "ending consultants' contracts, natural attrition and targeted voluntary redundancy schemes", the company said. Most of the jobs at risk are in Sweden, where 2,000 positions are under threat. Outside its home country, Volvo Cars has factories in Belgium (Ghent), the United States and China, and is building another in Slovakia.

More than 6,000 people work at Volvo Cars in Ghent — Belgium's last major car factory. In 2025, 212,177 cars rolled off its production line. The future of the site has been uncertain for some time. Volvo is considering producing cars for other manufacturers in the future.

In July this year, however, the Swedish manufacturer said it was committed to the future of its Ghent factory, after reaching an agreement in principle with the federal and Flemish governments on support measures worth up to 119 million euros.

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