Volvo Cars has cemented its position as one of the most attractive employers in Sweden, based on a leading survey which ranks the most popular companies among engineering professionals and students.
For the first time in its history, the company is the number one employer of choice among bachelor engineering professionals. It is also ranked among the five most popular employers for masters engineering professionals and business economics professionals.
These results were published today in the Karriärbarometern by Universum survey, an annual research study in which 26,000 professionals and 22,000 university and college students speak out about the most attractive employers in Sweden.
“We are a company with purpose, we want to make a difference. Our commitment to save lives and increase the number of electrified cars together with our new products have increased our attractiveness as an employer,” said Hanna Fager, Senior Vice President Human Resources at Volvo Cars. “To be valued so highly by both current and future engineers in Sweden is fantastic, not in the least because we will continue to depend on attracting the best talents to secure our continued growth.”
Compared to the results of the 2016 survey, Volvo Cars has clearly become more popular as an employer among both bachelor and masters engineers. It is also growing in popularity among business and economics professionals and students.
Earlier this year, a related survey named Företagsbarometern by Universum showed that among engineering students, Volvo Cars is the number one employer of choice for bachelor engineers-to-be. Masters engineering students ranked the company as their second favorite future employer.
The Universum survey result is an important development, as the car industry is changing rapidly and Volvo Cars requires a constant supply of fresh engineering know-how in areas such as software, electrification and connectivity.
On top of that the company is globalising at an increasing pace, both in terms of its manufacturing operations as well as in corporate functions such as sales, marketing, finance and legal.
Volvo Cars has in the last five years expanded its workforce by over 10,000 people globally, including over 2,000 engineers in Gothenburg, Sweden.
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Volvo Car Group in 2016
For the 2016 financial year, Volvo Car Group recorded an operating profit of 11,014 MSEK (6,620 MSEK in 2015). Revenue over the period amounted to 180,672 MSEK (164,043 MSEK). For the full year 2016, global sales reached a record 534,332 cars, an increase of 6.2 per cent versus 2015. The record sales and operating profit cleared the way for Volvo Car Group to continue investing in its global transformation plan.
About Volvo Car Group
Volvo has been in operation since 1927. Today, Volvo Cars is one of the most well-known and respected car brands in the world with sales of 534,332 cars in 2016 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding (Geely Holding) of China since 2010. It formed part of the Swedish Volvo Group until 1999, when the company was bought by Ford Motor Company of the US. In 2010, Volvo Cars was acquired by Geely Holding.
As of December 2016, Volvo Cars had over 31,000 employees worldwide. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for China is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).
