Volvo to hire 1,200 people image

Swedish automaker Volvo said on Tuesday that the company need to recruit up to 1,200 people within the next 12 months, mainly in Research and Development.

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. Electrification of vehicles as part of advanced fuel efficiency technology is an area where Volvo Car Corporation is investing heavily. 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.

“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”, says Stefan Jacoby, President and CEO of Volvo Car Corporation.

During last year, Volvo Cars’ global sales grew by 11.6 percent versus 2009 and the company delivered a profit for the full year. Also 2011 has taken off strongly with growth in both Europe and on the North American market.

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.