TSLA354.8101.97%
GM77.000-3.47%
F12.050-0.2539%
RIVN14.940-0.03%
CYD31.030-1.58%
HMC31.600-0.49%
TM183.100-3.615%
CVNA62.555-1.065%
PAG200.340-1.44%
LAD291.8302.57%
AN157.4400.64%
GPI240.450-0.48%
ABG172.300-1.65%
SAH60.3500.5%
TSLA354.8101.97%
GM77.000-3.47%
F12.050-0.2539%
RIVN14.940-0.03%
CYD31.030-1.58%
HMC31.600-0.49%
TM183.100-3.615%
CVNA62.555-1.065%
PAG200.340-1.44%
LAD291.8302.57%
AN157.4400.64%
GPI240.450-0.48%
ABG172.300-1.65%
SAH60.3500.5%
TSLA354.8101.97%
GM77.000-3.47%
F12.050-0.2539%
RIVN14.940-0.03%
CYD31.030-1.58%
HMC31.600-0.49%
TM183.100-3.615%
CVNA62.555-1.065%
PAG200.340-1.44%
LAD291.8302.57%
AN157.4400.64%
GPI240.450-0.48%
ABG172.300-1.65%
SAH60.3500.5%

Volvo to lay off up to 800 U.S. workers due to market uncertainty

The recent layoffs highlight ongoing workforce reductions as companies navigate rising costs of parts and materials caused by new tariffs.
Volvo Group plans to lay off up to 800 workers at three U.S. facilities over the next three months, citing declining demand and uncertainty.

Volvo Group North America President & CEO | Martin Lundstedt

Volvo Group is planning to lay off up to 800 workers at three U.S. facilities over the next three months, citing declining demand and uncertainty tied to President Donald Trump’s trade policies.

The cuts will affect roughly 550 to 800 employees at the company’s Mack Trucks plant in Macungie, Pennsylvania, and two Volvo Group operations in Dublin, Virginia, and Hagerstown, Maryland, a spokesperson confirmed on Friday. According to a statement, Volvo Group North America informed workers of the decision, which it attributed to market headwinds intensified by tariffs.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

Additionally, the recent layoffs highlight ongoing workforce reductions in the automotive and heavy-duty trucking sectors, as companies struggle with rising costs of parts and materials caused by new tariffs. Industry analysts say these trade restrictions erode manufacturing profitability and heighten recession risks.

Notably, the Volvo Group, part of Sweden’s AB Volvo, employs nearly 20,000 people in the United States. Trump’s recent tariff policies—targeting global imports, including automotive components—have disrupted supply chains and raised production costs, pressuring companies to downsize or relocate their operations.

Economists have noted that the administration’s shifting trade stance has damaged business confidence and forced many companies to reevaluate their forecasts and workforce needs.

Read More
More from Articles
Ford’s Farley says F-150 supplier issues are fixed, sounds alarm on trades training

Ford’s Farley says F-150 supplier issues are fixed, sounds alarm on trades training

- October 1, 2026
On the Dash: Farley said the F-150 supplier issue is fixed but will reduce third-quarter wholesale shipments.  Dealers held about 40 days of pickup supply, below Ford's 50- to 60-day...
Chevy Bolt production target reportedly cut to 35,000 units

Chevy Bolt production target reportedly cut to 35,000 units

- October 1, 2026
On the Dash: UAW documents reportedly show GM targeting 35,000 revived Bolts, down sharply from the 150,000 units the Fairfax plant could potentially produce. The 2027 Bolt returns with updated...
Filosa says Stellantis turnaround plan will pay off by 2027

Filosa says Stellantis turnaround plan will pay off by 2027

- October 1, 2026
On the Dash: Stellantis is holding its 2026 guidance, with positive industrial free cash flow expected in 2027. Industrial free cash flow targets reach 3 billion euros in 2028 and...
U.S. import ban on Canadian goods takes effect, includes motorcycles and alcohol

U.S. import ban on Canadian goods takes effect, includes motorcycles and alcohol

- September 30, 2026
On the Dash: The U.S. now bans about $967 million in Canadian imports, 87% of which is alcohol. The U.S. also banned Can-Am Spyder and Canyon motorcycles, though BRP expects...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.