Gothenburg, May 26 -- Volvo Cars on Monday announced a major global restructuring plan involving the reduction of approximately 3,000 positions worldwide, including 1,200 employee-held roles in Sweden, as part of a SEK 18 billion cost and cash action initiative aimed at streamlining operations and reinforcing financial resilience. The move comes in the backdrop of increasing challenges faced by the global automotive industry, and is intended to create a "leaner, more efficient organisation with a structurally lower cost base", the company said in a statement. The reductions will predominantly affect office-based positions, primarily in Sweden, and represent about 15 per cent of Volvo Cars' total white-collar workforce globally. The plan inc...