Volvo Car Corporation has said that it plans to recruit up to 1,200 people within the next 12 months, mainly in Research and Development.
“We need to expand our operations to enable development of the highly competitive and fuel efficient products and technologies which are part of our growth plan,” said Stefan Jacoby, President and CEO of Volvo Car Corporation.
Go deeper with GlobalData
The majority of the new recruits will be engineers within Research and Development where the company says it needs ‘new competence in the field of electrification’. VCC says that there is also a need for more people within areas such as Purchasing, IT and Marketing. Also in manufacturing there is a need to expand to manage the increased volumes which are planned for 2011 and ahead, the company says.
VCC says it has strengthened its position in several markets with increased market shares in 2010, due to the success of the XC60 model and a ‘wide range of fuel efficient models’. After the launch of the all-new Volvo S60 and V60 the next step is the introduction of the Volvo V60 as the first plug-in hybrid model on the car market.
VCC says that in 2010 Volvo Cars’ global sales grew by 11.6% versus 2009 and the company delivered a profit for the full year. It also says that 2011 has ‘taken off strongly’ with growth in both Europe and on the North American market.
The company says that the manufacturing plant in Ghent, Belgium, is expected to reach new record levels in production volumes during 2011 and in the Torslanda plant in Gothenburg, Sweden, the line speed has been increased to meet the increased demand.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“This is one of the biggest recruitment projects that Volvo Car Corporation ever has carried out. The new engineers are needed to develop the technologies and car models which are part of the aggressive product plan that our board and executive management team has developed”, says Björn Sällström, Senior Vice President Human Resources at Volvo Car Corporation.
In the Swedish operations the recruitments consist of up to 1,000 new people, of which 900 are engineers, mainly within Product Development. In Belgium, around 200 people will be recruited to the Ghent manufacturing plant.
