STOCKHOLM, May 26 (Reuters) - Sweden-based Volvo Cars

said on Monday it will cut 3,000 jobs as part of a

restructuring announced last month as it grapples with high

costs, a slowdown in electric vehicle demand and uncertainty

over trade tariffs.

Volvo Cars, which is majority-owned by China's Geely Holding

, on April 29 unveiled a programme to slash costs by

18 billion Swedish crowns ($1.9 billion) and hit the brakes on

investments, warning that redundancies were inevitable.

In the first quarter, the auto maker had 43,500 full-time

employees and 3,000 staffing agency personnel, according to its

earnings report.

($1 = 9.4829 Swedish crowns)