Wednesday, April 3, 2013

Volkswagen to Increase Workforce with Focus Outside Europe


Volkswagen AG (VOW.XE) will increase its workforce to about 600,000 by 2018 from 550,000 now, with most new jobs outside Europe, the head of the car maker's employee works council told German daily Handelsblatt.
"In light of the crisis in European sales, we must consider carefully where to strengthen the workforce," Bernd Osterloh told the paper.
"Volkswagen is growing and thus we continue to hire in production, but less in Europe, more in China," he said.
As of the end of 2012, about 410,000 of VW's employees worked in Europe, and nearly 69,000 in Asia, according to the company's website.
The car maker, Europe's largest by sales, has said it plans to boost production significantly in China and will develop a budget car specifically for that market as it seeks offset the effect of a weak European market. In 2012, VW generated about 30% its global sales in China.

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