More than 250 workers will soon be laid off at the Volvo truck plant in Dublin, Virginia.
The background: This major truck factory employs about 3,600 people and builds all types of Volvo trucks for North America.
What's happening: The layoffs are expected to occur by the end of March 2025. They are due to the end of a production phase for the new Volvo VNL and forecasted tariffs that affect truck production costs.
- Based on seniority, the job cuts will notably affect those who joined the company more recently.
- These layoffs are occurring amid a downturn in the heavy-duty truck market, which has impacted demand, according to WFXR.
The bigger picture: The trucking industry, a backbone of the economy, often faces these ebbs and flows, especially when external factors like tariffs come into play.
Affected workers and their families now face the challenge of navigating these uncertain times.