• Sweden edition
 
Volvo to add 10,000 staff: CEO

Volvo to add 10,000 staff: CEO

Published: 28 Nov 2011 08:22 GMT+01:00
Updated: 28 Nov 2011 08:22 GMT+01:00

Swedish automaker Volvo, owned by China's Zhejiang Geely, plans to hire a further 10,000 new staff in the coming years, its chief executive said in an interview to be published Monday.

Most of the new staff will be added in China.

"We will increase our staff to between 33,000 and 35,000 by 2020," Stefan Jacoby told Automotive News Europe magazine.

The company currently employs around 24,000 people worldwide -- around 16,000 in Sweden, 5,000 in Belgium and 1,000 in China as well as 2,000 in other countries.

Jacoby said Volvo aimed to sell 800,000 vehicles per year by 2020, one-quarter of them in China, now the world's biggest auto market.

In 2010, Volvo sold about 374,000 vehicles worldwide, with sales rising by 29 percent in northern Europe and 36 percent in China.

Geely bought Volvo from Ford last year.

While Sweden's other major car brand, Saab, continues its battle to escape bankruptcy, Volvo's announcement is a clear statement of intent.

The Local reported in October that Geely had approached Saab's reconstructor, lawyer Guy Lofalk to express an interest.

According to reports in the Dagens Nyheter daily, Geely has been watching Saab's struggles with interest, but has stayed cautious about entering the fray.

The firm refused however to confirm the reports and with Saab's bankruptcy protection set to be lifted in December the speculation has cooled off.

AFP/The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

19:24 November 28, 2011 by Abe L
Slowly moving the company to China and nobody is doing anything to stop it.
20:13 November 28, 2011 by swedejane
It's a chinese company...why wouldn't it move to China?
23:40 November 28, 2011 by seborga82
why? better to let the chinese run it instead of hiring criminals from muslim countries
11:42 November 29, 2011 by skogsbo
of course the staff will be employed in China and once they have the technology, the staff trained up and experienced, the Euro end will be thinned out massively.

If the chinese didn't bail it out it would be bust by now and nothing but an historic name.

China rules the world now, like it or not, it could bankrupt the US tomorrow as it's China that is buying the US Government bonds and those of other struggling nations and is likely to be buying many EU bonds too. It has the funds, the west is skint.
13:30 November 29, 2011 by salalah
Watch while they are moving ALL of the manufacturing to China. By year 2015 there will be 1 job left in Sweden - one of a receptionist taking phone calls and referring to the headquarters in China
16:25 November 29, 2011 by dibble
Hope there will always be Volvos built in Sweden. That is why people like me buy them. Safe, quality, reliable, long lasting cars. And hope that Geely allows Volvo to do it the Volvo way.
14:20 November 30, 2011 by imascatman
Hey, all you idiots that bitch all day about Chinese ownership. Are any of you even Swedish? Are any of you even non-American?
23:51 December 2, 2011 by Coalbanks
ALL manufacturing jobs are going to China unless business, labour & gov't. work to create a competetive manufacturing envirnment where jobs can be retained & workers retrained as necessary. Germany retains car manufacturing, expanding into production of equipment for alternate energy. Why them?
02:55 December 4, 2011 by Escort
Despite all this hype, I think the future for Volvo in its traditional markets of Europe and North America looks bleak. Other manufacturers make cars which are just as safe and durable, but often more desirable and cheaper too. Volvo buyers (and I am one) are moving upmarket to Audi, BMW, etc. and downmarket to VW, Ford, Honda, etc. Volvo is effectively being squeezed out of the market.

There is nothing special or distinctive about the cars Volvo is now making, so it is no surprise that customers are looking elsewhere. Unfortunately, the management and product planners have let the company down. Maybe Volvo has a future as an Asian brand, but it will ultimately fail as a mainstream player in Europe and North America unless a new direction can be found.
16:51 December 6, 2011 by Just_Kidding
to TheLocal: please specify which Volvo you mean in the title (Volvo cars or Volvo AB).
13:54 December 25, 2011 by Vee50
Volvo Designers in Sweden, Please Take Note: My Swedish colleague in Singapore told me that Volvo cars are very popular in Singapore and Hongkong with the expatriates working there but not too popular with the locals who are of Chinese descent because the locals think the tail lights of the S40, S80 etc look like traditional Chinese coffins. I searched the web for images and found that there indeed is a resemblance.
Today's headlines
Sweden scraps 'new start zones' after EU input
Integration Minister Erik Ullenhag visits a school in Tensta, one of the neighbourhoods mentioned when he and his colleagues first floated the new start zone proposal. File: TT

Sweden scraps 'new start zones' after EU input

Sweden has abandoned a plan to ease taxes for small companies in blighted areas after the European Commission challenged its legality. READ () »

'Easter eggs an invitation to spread germs'
A typical Swedish Easter egg. Photo: Jessica Gow/TT

'Easter eggs an invitation to spread germs'

A Swedish microbiologist has warned that traditional Swedish Easter eggs laden with candy are an open invitation to the spread of bacteria and viruses. "Is this really a good idea?" he asked. READ () »

Jammed truck snarls Stockholm rush hour
Photo: Anders Wiklund/TT

Jammed truck snarls Stockholm rush hour

PICTURES: A truck got wedged inside a tunnel in central Stockholm on Thursday, with authorities concerned the accident may have damaged cables in the tunnel's ceiling. READ () »

Kids in Victorian garb mark Swedish Easter
A Swedish Easter witch holding daffodils. File photo: TT

Kids in Victorian garb mark Swedish Easter

In India, I'd notice Easter only from the traffic jam outside the churches, but here witches, egg hunts, and feathers mark the Christian holiday. The Local's Deepti Vashisht brings you the various shades of Swedish Easter. READ () »

Swedish MP ordered chemtrail probe
Chemtrails?: Shutterstock.

Swedish MP ordered chemtrail probe

A Swedish MP who launched an official government investigation into the existence of chemtrails tells The Local why he thinks Swedes deserve the truth, even if it may leave some conspiracy theorists unsatisfied. READ () »

PM pleads ignorance of Vattenfall's Nuon bid
Fredrik Reinfeldt answers the constitutional affairs committee's questions. Photo: TT

PM pleads ignorance of Vattenfall's Nuon bid

Sweden's prime minister on Thursday said Vattenfall itself, not its owners the Swedish state, had responsibility for the loss-making Nuon deal. READ () »

'Kockums submarine raid may be illegal': lawyer
Photo: TT

'Kockums submarine raid may be illegal': lawyer

A Swedish lawyer says the Swedish military may have broken the law when it raided the Malmö premises of German defence giant Thyssen Krupp. READ () »

Good weather could blight Easter traffic
Easter traffic two years ago on the E4 motorway. File: Jessica Gow/TT

Good weather could blight Easter traffic

Traffic experts have cautioned Swedes heading to the countryside for what should be a sunny Easter, warning that the most serious accidents often take place when the weather is clement. READ () »

Saab offers Gripen lease to Malaysia
Jas Gripen jets in flight. File photo: TT

Saab offers Gripen lease to Malaysia

Swedish defence giant Saab has offered to rent out fighter jets to Malaysia. READ () »

What's On in Sweden

What's On in Sweden

Check out what's happening with The Local's guide to the main attractions and events in Stockholm, Gothenburg and Malmö - in association with DoToday. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Society
Swedish supermarket Ica pulls contested Easter commercial off air
Kungahuset
Society
Swedish royals set baptism date for princess
finest.se
Gallery
People-watching April 16
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Advertisement:
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
TT
Politics
Swedes to give six-hour workday a go
TT
Society
Aussie choir member wows Abba in Sweden
YouTube
Society
Stockholm magic a surprise YouTube hit
Fastighetsbyrån
Society
Gallery: The Local's Property of the Week
Private
Society
Swedes find 200-year-old gravestone in living room
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Deepti Vashisht
Features
Deepti Vashisht dissects the magic of Sweden's personal ID number
Shutterstock
Society
Ten signs you've been in Sweden too long
Society
Jimi Fritze heard every word when doctors discussed taking his organs
Society
A Swedish farmer explains why the new bestiality ban is 'pointless'
ESL
Sponsored Article
Learning Swedish the easy way
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

760
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com