Layouts Warning: These companies, including Volvo, announce job cuts in the US amid Trump tariff -unrest | Today news

Discharge News: Swedish car manufacturer, Volvo Group, is preparing to dismiss 800 US employees from its three operating areas in the coming months amid Trump’s tariff policy, reports Reuters news agency on Saturday, April 19. Other companies in the US, such as IBM, have traveled about 9,000 employees in various places in the country. Earlier this month, Google also discharged hundreds of its employees on its platforms and device division. Volvo is preparing for this cost-saving measure to align the production needs with the reduced demand in the company’s vehicles, the news agency reported, citing a Volvo spokesman. According to the report, Vola informed its staff that the company was going to beat 550 to 800 jobs at the company’s Mack Trucks factory in Pennsylvania, United States. According to the news agency, the dismissal is also expected to hit two other factories in Dublin, Virginia and Hagerstown in Maryland, the United States. According to the official website, the Volvo employee score is more than 1,00,000 people from around the world, of which almost 20,000 of the US employees are. The company also has customers in over 190 markets. “Volvo Group North America represents about 29% of the total 2024 sales for the Volvo group. The company has more than 19,600 people in North America. The company operates 16 manufacturing and re -manufacturing facilities in the US, Canada and Mexico,” according to the official website. The company has 16 manufacturing plants in North America, including the third largest R&D plant for the Volvo Group trucks. Trump tariffs According to the official announcement of the White House, US President Donald Trump signed a proclamation on March 26, 2025, which imposed a 25 percent rate on the import of car and auto parts in the United States. President Donald Trump’s move has encountered to address the ‘critical threat’ to the national security of the Western people. “President Trump is taking steps to protect America’s car industry, which is essential for national security and undermined by excessive imports that threaten America’s domestic industrial base and supply chains,” the official release states. The 25 percent rates apply to imported passenger vehicles, which include sedans, SUVs, transitions, minivans and trucks, along with light trucks. At the front of the auto parts, components such as engine, transmissions, power parts and other electrical components will be subject to this import tax. First Published: 19 Apr 2025, 07:17 IST