Volvo (VLVLY) Group prepares to lay off as many as 800 workers across three U.S. sites amid uncertainty over how the U.S. tariff policy will affect demand, Chris Prentice of Reuters reports. The company plans to lay off 550-800 people at its Mack trucks site in Macungie, Pennsylvania as well as at two Volvo Group facilities in Dublin, Virginia, and Hagerstown, Maryland.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VLVLY:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue