STOCKHOLM: Volvo Cars, which is owned by Chinese auto maker Geely, is to cut up to 1,000 jobs by the end of the year, the company’s chief executive told Sweden’s public broadcaster SVT yesterday. “You have to adjust to reality,” Haakan Samuelsson said in an interview. A spokesman for the company, Per-Aake Froeberg, told Swedish radio that “by the end of the year, there will be 1,000 fewer of us.”AFP
