How many employees work at Volvo Cars?
Volvo Cars /Floby Plant Operations/ has approximately 33,949 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Volvo Cars's total headcount has declined 6.3% from 36,251 employees in 2023 to 33,949 in 2026.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published July 2026
Is Volvo Cars hiring right now?
Yes, Volvo Cars is actively hiring. Volvo Cars had 194 active job postings in 2026, a 105.3% 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 33,949 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 6.3% from 2023 to 2026, down 6.2% year over year in 2026. It fell to a low of 33,949 in 2026 Q1 before recovering. Its workforce is concentrated most in Sweden (58.8%), followed by China (16.3%) and Belgium (5.7%), with India, its fastest-growing location.
Volvo Cars's largest functional groups are Finance and Operations (39.9%), Engineering (34.4%), and Sales and Marketing (25.8%). Median employee tenure is 5.4 years. The average salary is $62,016, ranging from a median of $71,000 in Northern America to $12,000 in Southern Asia.
Volvo Cars's active job postings fell 105.3% in 2026 to 194, with new postings per month cooling from 387 in 2023 to 141 in 2026.
Sourced from Revelio Labs workforce data.
As of March 2026
Volvo Cars
workforce metrics
Headcount
33.9k
6.2% YoY
Avg. Salary
$62k
1.7% YoY
Tenure
5.4yr
0.0yr YoY
Growth Rate
-6.2%
7.3pts YoY
Hiring Rate
Attrition Rate
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.
- Volvo Cars had 33,949 employees in 2026, a 6.2% decline (-2,181) from 2025.
- Volvo Cars had 34,078 employees in 2025, a 5.9% decline (-2,076) from 2024.
- Volvo Cars had 36,154 employees in 2024, a 1.6% increase (+562) from 2023.
- Volvo Cars had 35,592 employees in 2023, a 0.3% decline (-122) from 2022.
Volvo Cars's total workforce has declined from 36,251 employees in 2023 to 33,949 in 2026.
Volvo Cars /Floby Plant Operations/ — quarterly employee count (2023–2026)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 33,949 | -2,181 | -6.2% |
| 2025 | Q4 | 34,078 | -2,076 | -5.9% |
| 2025 | Q3 | 34,398 | -1,408 | -4.0% |
| 2025 | Q2 | 35,485 | -398 | -1.1% |
| 2025 | Q1 | 36,130 | +395 | +1.1% |
| 2024 | Q4 | 36,154 | +562 | +1.6% |
| 2024 | Q3 | 35,806 | +90 | +0.3% |
| 2024 | Q2 | 35,883 | -368 | -1.0% |
| 2024 | Q1 | 35,735 | -315 | -0.9% |
| 2023 | Q4 | 35,592 | -122 | -0.3% |
| 2023 | Q3 | 35,716 | +240 | +0.7% |
| 2023 | Q2 | 36,251 | +864 | +2.4% |
Want to see Volvo Cars's complete headcount history back to 2008, including quarterly breakdowns?
Sweden accounts for the largest share of Volvo Cars's global workforce with approximately 59% of total employees, followed by China and Belgium. Volvo Cars's headcount in India is growing fastest among its major locations, up 3.8% year over year in 2026.
Volvo Cars employees by country — 2026
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| Sweden | 19,924 | 58.8% | -3.3% |
| China | 5,513 | 16.3% | -2.3% |
| Belgium | 1,918 | 5.7% | +0.0% |
| United States | 1,381 | 4.1% | -5.1% |
| India | 973 | 2.9% | +3.8% |
| United Kingdom | 482 | 1.4% | -3.8% |
| Spain | 316 | 0.9% | -8.3% |
| Brazil | 289 | 0.9% | -7.9% |
| Poland | 267 | 0.8% | -6.2% |
| Mexico | 214 | 0.6% | +0.4% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Volvo Cars's largest employee groups are Finance and Operations (39.9%), Engineering (34.4%), and Sales and Marketing (25.8%).
Volvo Cars employees by department — 2026
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 13,325 | 39.9% | -2.6% |
| Engineering | 11,475 | 34.4% | -4.0% |
| Sales and Marketing | 8,602 | 25.8% | -1.3% |
Compare Volvo Cars's department mix to industry peers.
Volvo Cars's average employee salary is $62,016 globally. Employees in Northern America receive the highest compensation. Pay is lowest in Southern Asia, at a median of $12,000.
Volvo Cars median employee salary by region — 2026 (USD)
| Region | Median Salary |
|---|---|
| Northern America | $71,000 |
| Northern Europe | $64,000 |
| Pacific Islands | $60,000 |
| Western Europe | $47,000 |
| Eastern Asia | $41,000 |
| Eastern Europe | $41,000 |
| Southern Europe | $38,000 |
| Arab States | $23,000 |
| Central and Western Asia | $21,000 |
| Central America and the Caribbean | $18,000 |
| South-Eastern Asia | $16,000 |
| Sub-Saharan Africa | $13,000 |
| Southern Asia | $12,000 |
| Southern America | $12,000 |
| Northern Africa | $10,000 |
Unlock salary by role, level, and city — and compare to Volvo Cars's industry peers.
- Volvo Cars had 194 active job postings in 2026, a 105.3% decline (-34) from 2025.
- Volvo Cars had 228 active job postings in 2025, a 109.5% decline (-552) from 2024.
- Volvo Cars had 780 active job postings in 2024, a 42.6% increase (+274) from 2023.
- Volvo Cars had 506 active job postings in 2023, a 24.6% increase from 2022.
- Hiring velocity in 2026: 141 new roles/month, down from 257 in 2025 and 601 in 2024. New metric
Volvo Cars's hiring is slowing: active job postings fell 105.3% in 2026 to 194, with new postings per month cooling from 387 in 2023 to 141 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Similar Automotive Services Companies by Employee Count
- How fast is Volvo Cars growing?
- In 2026, Volvo Cars's headcount shrank 6.2% to 33,949 employees, down from 36,130 in 2025.
- Where are Volvo Cars employees located?
- Most Volvo Cars employees are based in Sweden (58.8% of headcount), followed by China and Belgium.
- What is the average salary at Volvo Cars?
- The average employee salary at Volvo Cars is approximately $62k per year.
- How many people does Volvo Cars hire per year?
- In 2026, Volvo Cars opened roughly 1,692 new roles — about 141 per month.
- When was Volvo Cars founded and where is it headquartered?
- Volvo Cars is headquartered in Goteborg, Sweden.
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