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Sweden's Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

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Summary
Nutrition label

73% Informative

Volvo Cars says it will cut around 3,000 jobs as part of a major cost-cutting drive.

The move comes after the company announced an 18 billion Swedish kronor ( $1.89 billion ) cost and cash action plan.

Volvo Cars said the job cuts would primarily impact office-based positions in Sweden and represent around 15% of the firm's total workforce.

VR Score

80

Informative language

81

Neutral language

73

Article tone

semi-formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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