Though Europe is still gripped by recession, though many would agree the auto industry has hit rock bottom. Layoffs and plant closures are costing Ford, Opel and Peugeot a lot of money, while Volkswagen on the other hand is doing well, giving out bonuses to its employees.
Europe's largest automaker sees room for growth, though most is overseas. The conglomerate of car companies is looking to add 50,000 employees to its workforce by 2018, the same year they hope to become the biggest car company in the world.
OF the current 550,000 employees they have right now, 300,000 are outside Germany. The trend will continue, as most of the new jobs will be added in China, Russia and India. Volkswagen is also going to act a few thousand jobs at Chattanooga, Tennessee, in order to build a seven-seater crossover within the next couple of years.
“Given the slump in sales we’re seeing in Europe, we need to look carefully at the areas in which we boost staff numbers,” Bernd Osterloh, VW Chairman of the General and Group Works Council told German business daily Handelsblatt.
OF the current 550,000 employees they have right now, 300,000 are outside Germany. The trend will continue, as most of the new jobs will be added in China, Russia and India. Volkswagen is also going to act a few thousand jobs at Chattanooga, Tennessee, in order to build a seven-seater crossover within the next couple of years.
“Given the slump in sales we’re seeing in Europe, we need to look carefully at the areas in which we boost staff numbers,” Bernd Osterloh, VW Chairman of the General and Group Works Council told German business daily Handelsblatt.