EMCC European Monitoring Centre on Change

Volvo Cars

Company/Organisation:
Volvo Cars

Geographic Location

Country: Sweden
Location of affected unit(s): Gothenburg and Lund

Company

Sector: Manufacturing
Manufacture of transport equipment
29.1 - Manufacture of motor vehicles
Number Employed: 14000
Group: Geely Holding

Employment Effects

Announcement Date: 30-08-2016
Type of Restructuring: Business expansion
Planned Job Creation: 400

Additional Information

Volvo Cars has announced plans to hire 400 new engineers. Most of the new staff will be placed in Gothenburg in the Volvo Cars R&D office, but 35 will be placed in Lund in a brand new R&D centre.

The aim of the expansion is to increase the capacity for software development. Much attention will be paid to the development of self-driving cars (in collaboration with Uber), active security and electrification. A spokesperson for the company described the expansion as 'the biggest recruitment campaign in the company's 89-year history'.