The Volvo Group plans to let go as many as 800 workers at three US facilities over the next three months due to market uncertainty and demand concerns in the face of Donald Trump’s tariffs, reports Reuters.
Volvo Group North America, which has an almost-20,000-strong workforce, said in a statement that it has told its employees of plans to lay off 550-800 people at its Mack Trucks site in Macungie, Pennsylvania and two Volvo Group facilities in Dublin, Virginia, and Hagerstown, Maryland.
“Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs. We regret having to take this action, but we need to align production with reduced demand for our vehicles,” a spokesperson told Reuters via email.
To put it lightly, Trump’s tariffs have shaken the global automotive industry. Honda will move Civic Hybrid hatchback production from Japan to the US, production of Tesla’s Semi truck and Cybercab/Robotaxi could be delayed, Stellantis has paused Canadian and Mexican production, while Mitsubishi, JLR, Lotus, Volkswagen and Audi have all halted US shipments. Malaysia? We can expect the Chinese wave to get even bigger.
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