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Volvo is laying off 2000 of its Swedish staff and cancelling 500 consultancy contracts, the company has announced.
The job losses are part of a cost-cutting move that will fuel speculation that Ford is poised to sell the company.
Most of the Volvo employees made redundant will be white-collar workers, but 600 blue-collar workers on the third shift at Volvo's Torslanda plant (where the V70 and XC90 are built) will also lose their jobs, along with a further 300 people worldwide.
Volvo ga...Read the full article

Its sad news really, but if it helps keep Volvo going then good. I think Ford would be crazy to sell Volvo though. It has been an under developed brand, and with a little investment, it could be were Audi should be, ie comfortable quailty cars that arent out to be sporty in an attempt to outdo BMW

Oh dear. I thought Volvo actually made a profit?

All set for a sale...

Considering all recent rumors and hints, I would be seriously surprised if Volvo isn't out of the Ford stable by year-end.

To my opinion, considering Ford's condition - it's for the best.