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Volvo announces mass layoffs due to lack of demand for trucks

Volvo plans to lay off hundreds of workers at a Virginia plant due to an expected decrease in the demand for trucks.

Volvo has confirmed the they plan to lay off around 700 people at the Dublin, Virginia, plant at the end of the year. Currently, about 3,300 people work at the plant.

Volvo points to an expected downturn in the North American truck market as a reason for the layoff. The company reportedly expects the North American truck market to be down 30% or 100,000 trucks in 2020, according to WHSV.

The layoffs are scheduled to begin on January 20, 2020.

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