STOCKHOLM (dpa) – China-owned Volvo Cars said Thursday it would add 1,300 jobs at its main plant in Sweden, citing growing demand for its new cars.
The company is to introduce a third shift at the Torslanda plant in Gothenburg during the first quarter of 2015 when production of the new Volvo XC90 SUV begins.
“We start hiring immediately, as it will take time to find 1,300 employees,” chief executive Hakan Samuelsson told Swedish Radio.
A third shift was in operation at Torslanda in spring 2008 but was cancelled that autumn after sales tumbled in the wake of the global financial crisis. Some 2,500 employees had to leave the carmaker. Volvo Cars said global deliveries were up by 9 per cent during the January-to-September period. It estimated full-year sales in 2014 at 470,000 cars – up 10 per cent compared to 2013. Volvo Cars was acquired in 2010 by Chinese conglomerate Zhejiang Geely Holding. It was previously owned by US auto giant Ford. Samuelsson, who took the helm in October 2012, has said the company’s strategy is to rebuild the key US market and to cash in on growing demand in Asia.