Agence France-PresseFebruary 6, 2014 07:32
Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, hoping to boost falling profitability it said on Thursday.
The group faced a tough 2013, with sales falling by 9.0 percent from the 2012 level to 272.6 billion kronor (30.9 billion euros, $41.7 billion), the truck market being closely linked to economic activity.
Annual net profit fell by two thirds to 3.80 billion kronor.
Volvo is the second-biggest truck maker in the world after Daimler of Germany.