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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Southwestern Virginia Volvo Plant to Lay Off 650 Workers

Volvo said today that it is permanently laying off 40 percent of its workforce -- 650 employees -- at its truck plant in Dublin, Va., just southwest of Blacksburg.

The layoffs will begin in March and follow a round of layoffs that cost 1,000 jobs in May.

The plant also plans weeklong shutdowns during the first quarter of this year in an effort to avoid further job cuts.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  January 27, 2009; 3:03 PM ET
Categories:  The Ticker  | Tags: Volvo, automakers, layoffs  
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