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Volvo Car To Revamp Sales Group

December 5, 2000

STOCKHOLM, Sweden (AP) _ Volvo Car Corp., the Swedish subsidiary of Ford Motor Co., has announced plans to revamp its sales organization as part of an ongoing cost-cutting program.

The company said it was closing its main European sales office in Brussels, Belgium, in favor of a regional system, spokesman Ingmar Hesslefors said Tuesday.

``We are going to close that office to take away one layer between the customer and the executive level of Volvo,″ Hesslefors said.

He stressed that while no final decisions had been made, he expected that the 80 employees at the Brussels office would be offered jobs elsewhere in the company and anticipated no layoffs.

Hesslefors said Volvo hoped to cut its annual sales and market budget by 5 percent to 10 percent, but declined to confirm a report in the Financial Times saying that the budget was $1 billion.

Volvo sold its passenger cars division to Detroit-based Ford last year.

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