International market trends result in Volvo layoffs (Roanoke Business)

thousands of regional workers.

The list of layoffs and job reductions stretches through the years: 300 jobs in 2013, 50 in October, 700 in 2009, 650 in 2008, 1,075 in 2008. Yet regional advocates took solace from two economic development announcements in the past two years, including the investment of $69 million into a customer experience track in 2014, creating a projected 200 jobs, and an additional $38 million facility to accompany it, announced last year and creating 32 new jobs.

Any hopes that the announcements signaled an end to cyclical job reductions were dashed in early December, when the company filed notice it would lay off 730 employees in February. In early February, that number was decreased to 600.

My story about the whys and hows of the layoff announcement runs in this month’s issue of Roanoke Business, available online and at grocery stores around Roanoke and the NRV.