How many employees work at Volvo Trucks?
Volvo Trucks AB has approximately 10,459 total employees worldwide as of March 2026, according to Revelio Labs workforce intelligence data. Volvo Trucks's total headcount has declined 1.7% from 10,636 employees in 2023 to 10,459 in 2026.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published June 2026
Is Volvo Trucks hiring right now?
Yes, Volvo Trucks is actively hiring. Volvo Trucks had 130 active job postings in 2026, a 33.2% increase from 2025 — see job openings & hiring trends.
About Volvo Trucks's Workforce
Volvo Trucks AB is an Industrial Manufacturing company that employs 10,459 people worldwide as of March 2026. It is the 7th-largest by headcount among its peers. Founded in 1928, the company is headquartered in Goteborg, Sweden.
Volvo Trucks's workforce has declined 1.7% from 2023 to 2026, down 3.4% year over year in 2026. It fell to a low of 10,459 in 2026 Q1 before recovering. Its workforce is concentrated most in Sweden (38.1%), followed by the United States (11.3%) and Brazil (9.3%), with Belgium, its fastest-growing location.
Volvo Trucks's largest functional groups are Finance and Operations (43.2%), Engineering (30.0%), and Sales and Marketing (26.8%). Median employee tenure is 6.5 years. The average salary is $55,068, ranging from a median of $82,000 in Northern America to $10,000 in Southern America.
Volvo Trucks's active job postings rose 33.2% in 2026 to 130, with new postings per month cooling from 132 in 2023 to 47 in 2026. Overall employee sentiment is neutral but declining.
Sourced from Revelio Labs workforce data.
As of March 2026
Volvo Trucks
workforce metrics
Headcount
10.5k
3.4% YoY
Avg. Salary
$55.1k
0.4% YoY
Tenure
6.5yr
0.1yr YoY
Growth Rate
-3.4%
5.0pts YoY
Hiring Rate
Attrition Rate
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Volvo Trucks. Compare to peers, export the dataset, and access the full quarterly history.
- Volvo Trucks had 10,459 employees in 2026, a 3.4% decline (-365) from 2025.
- Volvo Trucks had 10,561 employees in 2025, a 1.4% decline (-144) from 2024.
- Volvo Trucks had 10,705 employees in 2024, a 0.9% increase (+98) from 2023.
- Volvo Trucks had 10,607 employees in 2023, a 1.8% increase (+192) from 2022.
Volvo Trucks's total workforce has declined from 10,636 employees in 2023 to 10,459 in 2026. Volvo Trucks's headcount peaked at 10,947 in 2025.
Volvo Trucks AB — quarterly employee count (2023–2026)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2026 | Q1 | 10,459 | -365 | -3.4% |
| 2025 | Q4 | 10,561 | -144 | -1.4% |
| 2025 | Q3 | 10,762 | +83 | +0.8% |
| 2025 | Q2 | 10,947 | +160 | +1.5% |
| 2025 | Q1 | 10,824 | +165 | +1.5% |
| 2024 | Q4 | 10,705 | +98 | +0.9% |
| 2024 | Q3 | 10,679 | +115 | +1.1% |
| 2024 | Q2 | 10,787 | +151 | +1.4% |
| 2024 | Q1 | 10,659 | +185 | +1.8% |
| 2023 | Q4 | 10,607 | +192 | +1.8% |
| 2023 | Q3 | 10,564 | +287 | +2.8% |
| 2023 | Q2 | 10,636 | +438 | +4.2% |
Want to see Volvo Trucks's complete headcount history back to 2017, including quarterly breakdowns?
Sweden accounts for the largest share of Volvo Trucks's global workforce with approximately 38% of total employees, followed by the United States and Brazil. Volvo Trucks's headcount in Belgium is growing fastest among its major locations, up 1.3% year over year in 2026.
Volvo Trucks employees by country — 2026
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| Sweden | 3,959 | 38.1% | -4.9% |
| United States | 1,172 | 11.3% | -6.2% |
| Brazil | 962 | 9.3% | -3.7% |
| France | 900 | 8.7% | +0.4% |
| India | 685 | 6.6% | -3.6% |
| Belgium | 457 | 4.4% | +1.3% |
| United Kingdom | 202 | 1.9% | -0.5% |
| South Africa | 189 | 1.8% | +1.2% |
| Australia | 139 | 1.3% | -2.1% |
| Russia | 139 | 1.3% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Volvo Trucks's largest employee groups are Finance and Operations (43.2%), Engineering (30.0%), and Sales and Marketing (26.8%).
Volvo Trucks employees by department — 2026
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 4,484 | 43.2% | -5.0% |
| Engineering | 3,118 | 30.0% | -1.7% |
| Sales and Marketing | 2,782 | 26.8% | -1.5% |
Compare Volvo Trucks's department mix to industry peers.
Volvo Trucks's average employee salary is $55,068 globally. Employees in Northern America receive the highest compensation, with median pay approximately 1.5x the global average. Pay is lowest in Southern America, at a median of $10,000.
Volvo Trucks median employee salary by region — 2026 (USD)
| Region | Median Salary |
|---|---|
| Northern America | $82,000 |
| Northern Europe | $61,000 |
| Western Europe | $58,000 |
| Pacific Islands | $56,000 |
| Eastern Asia | $48,000 |
| Southern Europe | $34,000 |
| Arab States | $30,000 |
| Eastern Europe | $27,000 |
| Central and Western Asia | $24,000 |
| South-Eastern Asia | $22,000 |
| Central America and the Caribbean | $20,000 |
| Sub-Saharan Africa | $16,000 |
| Southern Asia | $12,000 |
| Northern Africa | $11,000 |
| Southern America | $10,000 |
Unlock salary by role, level, and city — and compare to Volvo Trucks's industry peers.
- Volvo Trucks had 130 active job postings in 2026, a 33.2% increase (+17) from 2025.
- Volvo Trucks had 113 active job postings in 2025, a 39.2% increase (+37) from 2024.
- Volvo Trucks had 76 active job postings in 2024, a 8.2% increase (+6) from 2023.
- Volvo Trucks had 70 active job postings in 2023, a 41.4% increase from 2022.
- Hiring velocity in 2026: 47 new roles/month, down from 69 in 2025 and 64 in 2024. New metric
Volvo Trucks's active job postings rose 33.2% in 2026 to 130, with new postings per month cooling from 132 in 2023 to 47 in 2026.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Revelio Labs tracks employee sentiment across Volvo Trucks's workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2026.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Similar Industrial Manufacturing Companies by Employee Count
- How fast is Volvo Trucks growing?
- In 2026, Volvo Trucks's headcount shrank 3.4% to 10,459 employees, down from 10,824 in 2025.
- Where are Volvo Trucks employees located?
- Most Volvo Trucks employees are based in Sweden (38.1% of headcount), followed by the United States and Brazil.
- What is the average salary at Volvo Trucks?
- The average employee salary at Volvo Trucks is approximately $55.1k per year.
- How many people does Volvo Trucks hire per year?
- In 2026, Volvo Trucks opened roughly 564 new roles — about 47 per month.
- When was Volvo Trucks founded and where is it headquartered?
- Volvo Trucks was founded in 1928 and is headquartered in Goteborg, Sweden.
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