Volvo Group - Workforce

Volvo Group employed 103,985 employees in 2019, down 1.13% compared to the previous year. Historically, between 1990 and 2019, the firm's workforce hit a high of 105,175 employees in 2018 and a low of 53,470 employees in 1999.

Average personnel cost stood at USD 5,636 per month per employee, 1.74% higher than the previous year. This figure was USD 5,526 per month some 10 years ago.

Staff cost represented 14.9% of sales in 2019, 6.09 pp lower than a decade ago.

You can see all the company’s data at Volvo Group profile, or you can download a report on the company in the report section.