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Volvo Cars plans to hire 1,200 new staff

AFP/The Local · 29 Mar 2011, 12:56

Published: 29 Mar 2011 12:56 GMT+02:00

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"The majority of the new recruitments will be engineers within research and

development where the company needs among other things new competence in the

field of electrification," the company said in a statement.

Some 1,000 people, including 900 engineers, will be hired in Sweden, while 200 new employees will be hired to work at Volvo's largest plant in Ghent, Belgium.

Volvo cars employed 19,500 people at the end of 2010, some 12,900 in Sweden and 4,500 in Belgium.

The number of Volvo employees shrank heavily during the crisis in the auto industry in 2008 and 2009. In 2007, some 24,400 people worked for Volvo.

But sales bounced back 11 percent last year and China's Geely, which bought Volvo from US giant Ford in August 2010, hopes to double sales over the next 10 years, mainly for the Chinese market.

Story continues below…

It hopes for total Volvo sales to reach 800,000 by 2020, up from 373,525 cars in 2010.

To reach its goal, the company plans to invest some $11 billion in China over the next five years and to open a plant there in 2012 or 2013.

AFP/The Local (news@thelocal.se)

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Your comments about this article

17:35 March 29, 2011 by mikmak
But...but...the jobs were supposed to be lost to China...I don't get it...
17:41 March 29, 2011 by eZee.se
More jobs... Yay!

Electric cars Yay Yay Yay!
09:24 March 30, 2011 by karex
funny mikmak...

Moving everything to China would kill the brand all over the world except for the Chinese market. Not a wise decision and I don't think the Chinese people are known for being dumb. Besides, having operations in Europe with doors wide open to new talent is the best way to access emerging technology from the west.
11:54 March 30, 2011 by Nemesis
1200 new jobs, most of which are engineering jobs, is very good news.

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