Only Volco can save Volvo

The Gothenburg-based carmaker Volvo, which belongs to the US firm Ford, has announced plans to cut 6,000 jobs. The news comes as a shock to Sweden as a whole. Commenting on the government's plans for funding labour policy measures in the region, the daily newspaper Göteborgs-Posten writes: "The planned job cuts will not only be a hard blow for Gothenburg and western Sweden, the rest of Sweden could also be seriously affected. This is why additional measures are needed, not least as regards finding new jobs for those laid off." The daily stresses that the commitments undertaken to improve the region's infrastructure are undoubtedly a good measure, but adds: "No one but Volvo can save Volvo. The company must remain profitable in the long term by ensuring that there is market demand for the cars it manufactures."

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