Volvo to shed 10 per cent of suppliers in restructure

Volvo Car Corporation plans to shed 10 per cent of its suppliers by the end of the year.

Speaking exclusively to SM from company headquarters in Sweden, Bernt Ejbyfeldt, senior vice-president of purchasing, said the move was part of restructuring plans in his division.

The business has about 400 direct material vendors who supply from 850 sites globally and 3,200 vendors of non-production goods and services.

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