Hiring spree at car maker Volkswagen

City A.M. Reporter
VOLKSWAGEN will boost its global headcount to 600,000 by 2018 from 550,000 as part of its aim to become the world’s biggest car manufacturer, works council chief Bernd Osterloh has told a German newspaper.

“Volkswagen is growing, and is therefore continuing to hire in production,” daily paper Handelsblatt cited Osterloh as saying in an excerpt of an interview to be published today.

Volkswagen, which delivered around 9.1m vehicles last year, has said it hopes to replace Toyota Motors as the world’s top-selling car company in 2018.

It is banking on growth abroad to offset weak demand for cars in Europe and is working on plans to almost double production capacity in China over the next five years.

Osterloh told Handelsblatt that Volkswagen would add new staff “less in Europe, rather more in China”.

More than half of Volkswagen’s employees already are based outside its German home market.

Last month, China’s quality watchdog said that the car manufacturer, which sells more cars in China than any other foreign firm, would recall 384,181 vehicles from today to fix a long-standing gearbox problem.