News Headline Summary

Volvo (VOLVB SS) CEO says faces considerable job cuts to regain profitability

Update details:

- On Tuesday Volvo said they are to reorganize, and sees total costs at SEK 900mln.

- It remains unclear whether this is Volvo or the Volvo Cars unit.

Print 11:35, 17 Jan 2013 - European Equities - Source: Newswires