Volvo to streamline European operations

|About: Volvo AB ADR B (VOLVY)|By:, SA News Editor

Volvo (VOLVY) says it will undergo a major tuneup on its European manufacturing operations as it looks to cut costs.

After making key acquisitions, it's time for Volvo to streamline.

The automaker will work with labor unions to finds a way to cut staffing as part of the overhaul.