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Stockholm: Swedish bus and truck maker Scania will cut 750 jobs in its home country “to meet current conditions and future needs”, it said Monday.
The company, which is a unit of Germany’s Volkswagen group, did not specify what were the “new market conditions” that it said required the layoffs.
“To remain strong in the future, we need to adapt, develop our ways of working, and review how we are organised,” it said.
But Traton — the Volkswagen subsidiary that groups its worldwide truck and bus activities — said in July that it had sold four percent fewer vehicles in the first half of this year and that it was facing a wait-and-see attitude from its US customers due to customs duties.
Its results had also suffered from the appreciation of the Swedish krona. The job cuts affect 400 people in the human resources department and 300 in business units, but no manufacturing jobs. Scania employs 59,000 people worldwide.
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