The post Mack Trucks And Volvo Latest With Job Cuts Amid Trump’s Levies appeared on BitcoinEthereumNews.com.

Topline Volvo Group and its subsidiary Mack Trucks confirmed recent layoffs at some East Coast facilities, impacting hundreds of employees, as the companies are the latest to cut workers while citing the possible market impact of President Donald Trump’s tariffs. Some companies have announced layoffs while citing the market impact from President Donald Trump’s … More far-reaching tariffs. Copyright 2020 The Associated Press. All rights reserved Timeline April 17Mack Trucks spokesperson Kimberly Pupillo told Forbes the company would cut up to 350 people at its Lehigh Valley Operations Center in Lower Macungie Township, Pennsylvania, citing “market uncertainty” surrounding heavy-duty truck orders, as well as “possible regulatory changes” and the “impact of tariffs.” April 17Janie Coley, a spokesperson for Volvo Group, told Forbes the company would cut up to a combined 450 employees at facilities in Dublin, Virginia, and Hagerstown, Maryland, while also citing “market uncertainty,” the likelihood of “possible regulatory changes” and the “impact of tariffs.” April 3About 900 employees at Stellantis plants in Michigan and Indiana will be laid off after the company paused production at some of its Canadian and Mexican assembly plants, according to a company memo obtained by CNN. Feb. 4The New York-based cosmetics firm Estée Lauder announced it would cut up to 7,000 employees globally, as the company signaled possible challenges with the “risk of recession, currency volatility, inflationary pressures” and the “imposition of tariffs and sanctions,” among other risks. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. What Other Companies Have Announced Layoffs? Steelmaker Cleveland-Cliffs laid off more than 1,200 workers in Michigan and Minnesota in March, and the company told the Detroit Free Press the cuts were because of the…

---

Filed under: News - @ April 22, 2025 7:24 pm