Vw to increase its global headcount as it aims to become No.1

Article by Christian A., on October 17, 2011

The global workforce of Volkswagen Group will expand as it seeks to become the largest automaker in the world with annual vehicle sales of 10 million, and to cope with industry trends such as electromobility, according to CEO Martin Winterkorn who was interviewed by Automotive News Europe. Winterkorn added that it expects that in the long term, about 500,000 employees will work the company in the long term.

Furthermore, its suppliers and dealerships each employ over 1 million people. The Group has about 435,000 employees at the moment.

Winterkorn said that VW’s total workforce "won't significantly exceed" 500,000 by 2018 since VW aims to become more productive.

He said that the company will hire more workers in vital areas like electric mobility. He said that VW will bring about 7,500 university graduates on board just this year. Winterkorn anticipates that VW Group's global market share will climb this year to slightly above 12%, or 8 million vehicles.

In comparison, its sales grew 11.4% in 2010. These figures include sales at Audi, Skoda, Seat, Bentley and Lamborghini brands, in a global car market of 62 million to 63 million.

Winterkorn said that by 2018, the market will trend considerably higher. He said that its target is to increase higher than the market’s rate. He added that the market that will increase the most is likely to be China's overall market for cars and light commercial vehicles. He said that by 2018, China is expected to grow by more than 50% to more than 28 million units.

Topics: vw

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