Volvo Plans To Add 10,000 Jobs By 2020
Volvo‘s Chief Executive, Stefan Jacoby, has said that the company plans to add some 10,000 additional employees to the workforce in the next decade; currently Volvo employs some 25,000 people worldwide.
Perhaps not surprisingly the vast majority of new positions will be in China, where Volvo plans to reach annual sales targets of some 200,000 units by 2020 (current levels are around 48,000 per annum).
In order to handle the projected growth, Volvo is planning to open up a manufacturing facility in Chengdu in 2013, which will boast some 3,000 employees and a maximum capacity of some 150,000 vehicles per year; a second plant is also planned, pending approval from the Chinese government.
According to Jacoby, despite the current economic crisis in Europe, Volvo hasn’t reported a slowdown because of it, since its biggest markets are Scandinavia and Germany where demand is steady and sales in southern Europe have always been marginal. “Our [order] books are filled up until spring 2012,” Jacoby said in a recent statement.
[Source: Automotive News]