The Volvo Group’s employees are key to our value creation and success. We see recruitment of talent and investment in employees as a fundamental part of staying competitive, profitable and sustainable.
Being an attractive employer with a global and diverse team of high-performing people, with more women and minorities in leadership positions, is part of our long-term ambitions. The Group’s goal is to offer interesting opportunities and a unique corporate culture that attract and retain the best individuals from diverse backgrounds.
We see recruitment of talent and investment in employees as a fundamental part of staying competitive, profitable and sustainable”
To achieve this – for both current and future employees – the Volvo Group aims to offer competitive remuneration and benefits and be an attractive employer in the key areas of diversity and equity, health and safety, training and competence development. We are actively pursuing policies and best practice in these areas.
The Volvo Group had 95,533 permanent employees and 14,794 temporary employees and consultants at the end of 2013, compared to 96,137 permanent employees and 13,452 temporary employees and consultants at the end of 2012.
As part of the Group’s 2013-15 efficiency and restructuring program, we opened the Group’s first China Remanufacturing Center in Shanghai and an excavator plant in Kaluga, Russia, during 2013.
We closed the Volvo Buses plant in Säffle, Sweden, with the loss of 328 jobs. Here, we worked closely with the trade unions and local authorities on employee consultation and programs offering information and advice on new employment opportunities.
We also provided support for the establishment of new companies with high expansion potential. As a result, contract manufacturer Hanza and Cellcomb – specialized in developing and manufacturing environmentally-friendly disposable products – will invest in the former buses plant. By the end of the year, 248 former Säffle employees had taken on new roles or were offered occupational pension.
In 2013, we announced plans to downsize, relocate and close several manufacturing, distribution and logistics centers across Europe and North America. We also announced plans to reduce the number of support staff and consultants globally. Following detailed analysis of our efficiency programs, we now estimate that a total of 4,400 white-collar employees and consultants will be affected. The majority of reductions will be implemented during 2014. All cutbacks are subject to trade union negotiations.
These structural changes are necessary for improving our competitiveness and profitability, which will enable us to invest more in new products and services and be less sensitive to fluctuations in the economy.