Volkswagen to increase headcount, mainly in electric mobility area

Volkswagen is on its way to a hiring spree. The company is expected to increase its headcount as it aims to become the world’s largest automaker with annual vehicles sales of 10 million, said CEO Martin Winterkorn.

“We’re assuming that 500,000 employees will work for us company-wide long-term. In addition, our suppliers and dealerships each employ more than 1 million people,” Winterkorn said in an interview with Automotive News Europe

Volkswagen currently employs 435,000 employees. Winterkorn said that he expects that number to grow close to 500,000 by the end of 2018.

“Naturally, we will increasingly hire new workers in key areas such as electric mobility,” he said. “We are bringing about 7,500 university graduates on board just this year.”

Winterkorn expects Volkswagen’s global market share to increase above 12 percent or 8 million vehicles.

“By 2018, we expect that the market will trend significantly higher. Our goal is to grow above the rate of the market,” Winterkorn said.

– By: Omar Rana

Source: Automotive News