How many employees work at Volvo Cars?
Volvo Cars /Floby Plant Operations/ has approximately 31,840 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Volvo Cars’s total headcount has declined 4.9% from 33,489 employees in 2023 to 31,840 in 2026.
Is Volvo Cars hiring right now?
Yes, Volvo Cars is actively hiring. Volvo Cars had 194 active job postings in 2026, a 105.4% decline from 2025 — see job openings & hiring trends.
About Volvo Cars’s Workforce
Volvo Cars /Floby Plant Operations/ is an Automotive Services company that employs 31,840 people worldwide as of March 2026. It is the 11th-largest by headcount among its peers. The company is headquartered in Goteborg, Sweden.
Volvo Cars's workforce has declined 4.9% from 2023 to 2026, down 2.8% year over year in 2026. It fell to a low of 31,840 in 2026 Q1 before recovering. Its workforce is concentrated most in Northern Europe (63.3%), followed by East Asia (18.5%) and Western Europe (5.5%).
Volvo Cars's functional groups are Finance and Operations (40.3%), Engineering (35.0%), and Sales and Marketing (24.7%). The average salary is $63,845, ranging from a median of $77,000 in North America to $19,000 in South Asia, down 1.1% year over year in 2026.
Volvo Cars's active job postings fell 105.4% in 2026 to 194, with new postings per month cooling from 387 in 2023 to 139 in 2026.
Sourced from Revelio Labs workforce data.
- Headquarters
- Goteborg, Sweden
- Industry
- Automotive Services
- Employees
- 31,840
- YoY
- -2.8% (-1,938)
As of March 2026
Volvo Cars workforce metrics
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Volvo Cars. Compare to peers, export the dataset, and access the full quarterly history.
Unlock MetricsVolvo Cars Annual Employee Count (2023-2026)
- Volvo Cars had 31,840 employees in 2026, a 2.8% decline (-1,938) from 2025.
- Volvo Cars had 31,957 employees in 2025, a 2.8% decline (-1,800) from 2024.
- Volvo Cars had 33,757 employees in 2024, a 0.2% decline (+902) from 2023.
- Volvo Cars had 32,855 employees in 2023, a 0.3% decline (+130) from 2022.
Volvo Cars's total workforce has declined from 33,489 employees in 2023 to 31,840 in 2026. Volvo Cars's headcount peaked at 33,778 in 2025.
Volvo Cars /Floby Plant Operations/ quarterly employee count
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 31,840 | -1,938 | -2.8% |
| 2025 | Q4 | 31,957 | -1,800 | -2.8% |
| 2025 | Q3 | 32,237 | -1,027 | -2.1% |
| 2025 | Q2 | 33,180 | -90 | -1.2% |
| 2025 | Q1 | 33,778 | +732 | -0.2% |
| 2024 | Q4 | 33,757 | +902 | -0.2% |
| 2024 | Q3 | 33,264 | +352 | -0.6% |
| 2024 | Q2 | 33,270 | -219 | -1.3% |
| 2024 | Q1 | 33,046 | -102 | -0.7% |
| 2023 | Q4 | 32,855 | +130 | -0.3% |
| 2023 | Q3 | 32,912 | +502 | -0.1% |
| 2023 | Q2 | 33,489 | +1,181 | +0.7% |
See Volvo Cars's complete headcount history, including quarterly breakdowns.
Get the DataVolvo Cars Employee Count by Region (2026)
Northern Europe accounts for the largest share of Volvo Cars's global workforce with approximately 63% of total employees, followed by East Asia and Western Europe.
Volvo Cars employees by region
| Region | Employees | % of Total |
|---|---|---|
| Northern Europe | 19,953 | 63.3% |
| East Asia | 5,841 | 18.5% |
| Western Europe | 1,731 | 5.5% |
| North America | 1,048 | 3.3% |
| South Asia | 773 | 2.5% |
| Eastern Europe | 572 | 1.8% |
| Southern Europe | 471 | 1.5% |
| Southeast Asia | 280 | 0.9% |
| South America | 230 | 0.7% |
| Central America and the Caribbean | 186 | 0.6% |
Drill into city-level data, hiring trends by region, and historic geographic shifts.
Unlock Geographic DataVolvo Cars Employee Count by Department (2026)
Volvo Cars's employee groups are Finance and Operations (40.3%), Engineering (35.0%), and Sales and Marketing (24.7%).
Volvo Cars employees by department
| Department | Employees | % of Total |
|---|---|---|
| Finance and Operations | 12,734 | 40.3% |
| Engineering | 11,069 | 35.0% |
| Sales and Marketing | 7,806 | 24.7% |
Compare Volvo Cars's department mix to industry peers.
See Full DataVolvo Cars Employee Salary by Region (2026)
Volvo Cars's average employee salary is $63,845 globally. Employees in North America receive the highest compensation, with median pay approximately 1.2x the global average. Pay is lowest in South Asia, at a median of $19,000.
Volvo Cars median employee salary by region (USD)
| Region | Median Salary |
|---|---|
| North America | $77,000 |
| Pacific Islands | $72,000 |
| Northern Europe | $65,000 |
| Western Europe | $48,000 |
| East Asia | $43,000 |
| Eastern Europe | $42,000 |
| Southern Europe | $38,000 |
| Arab States | $29,000 |
| Central America and the Caribbean | $20,000 |
| South Asia | $19,000 |
| Southeast Asia | $17,000 |
| Central and Western Asia | $17,000 |
| Sub-Saharan Africa | $14,000 |
| South America | $11,000 |
| North Africa | $9,000 |
Unlock salary by role, level, and city — and compare to Volvo Cars's industry peers.
Unlock Salary DataVolvo Cars Job Openings and Hiring Trends (2023-2026)
- Volvo Cars had 194 active job postings in 2026, a 105.4% decline (-35) from 2025.
- Volvo Cars had 229 active job postings in 2025, a 109.4% decline (-553) from 2024.
- Volvo Cars had 782 active job postings in 2024, a 42.7% increase (+275) from 2023.
- Volvo Cars had 507 active job postings in 2023, a 24.6% increase from 2022.
- Hiring velocity in 2026: 139 new roles/month, down from 258 in 2025 and 602 in 2024.
Volvo Cars's hiring is slowing: active job postings fell 105.4% in 2026 to 194, with new postings per month cooling from 387 in 2023 to 139 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Unlock Hiring DataSimilar Companies
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Frequently Asked Questions About Volvo Cars
- How fast is Volvo Cars growing?
- In 2026, Volvo Cars's headcount shrank 2.8% to 31,840 employees, down from 33,778 in 2025.
- See the full headcount history
- Where are Volvo Cars employees located?
- Most Volvo Cars employees are based in Northern Europe (63.3% of headcount), followed by East Asia and Western Europe.
- Explore where the workforce is based
- What is the average salary at Volvo Cars?
- The average employee salary at Volvo Cars is approximately $63.8k per year.
- Analyze the salary distribution
- How many new job postings does Volvo Cars open per year?
- In Q1 2026, Volvo Cars opened 418 new job postings. In 2025, Volvo Cars opened 3,096 new job postings — about 258 per month.
- Track hiring trends by role
- When was Volvo Cars founded and where is it headquartered?
- Volvo Cars is headquartered in Goteborg, Sweden.
- Compare Volvo Cars to industry peers
Speak with a workforce expert about Volvo Cars.
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