Volvo Cars freezes salaries to avoid redundancies

- Politics, Business, Civil, History - Posted: 13th Mar, 2009 - 7:10am

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Sweden Business - Swedish business news throughout the day from The Local
Post Date: 13th Mar, 2009 - 7:10am / Post ID: #

Volvo Cars freezes salaries to avoid redundancies

Volvo Cars freezes salaries to avoid redundancies
Sweden Economy Local Sweden Business News In English

Swedish car maker Volvo Cars announced on Thursday a freeze on salaries of all employees and slash executive pay in an attempt to avoid further redundancies.
Source: The Local: Money

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