Volvo to cut 3,000 jobs amid trade uncertainty | Business and Economy

The layoffs come days after US President Donald Trump threatened 50 percent tariffs on EU goods.

Swedish automaker Volvo is set to cut 3,000 white-collar jobs amid restructuring efforts as prices begin to rise due to tariff-driven uncertainty.

The company announced the news on Monday. The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up better demand for its cars by restructuring part of its business and cutting costs.

CEO Hakan Samuelsson, who…