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The restructuring of Volvo's U.S. and Canada operations is part of an US$88 million global initiative to tighten spending, drive efficiencies, and update the work force. It does not affect Volvo's production network.
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Microchip shortages continued to trip up automakers in China and Asian markets outside of China.
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Companies removed 56,199 vehicles from factory schedules this week because of a lack of semiconductors, AutoForecast Solutions said, pushing its year-to-date estimate of eliminated vehicles to about 2.04 million.
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Automakers cut 49,330 vehicles from production plans at their North American factories this week because of the microchip shortage.
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