Volvo is a Swedish automotive company known for manufacturing high-quality cars, trucks, and construction equipment, with a focus on safety, sustainability, and innovation.
#48 of 167 in Mechanical Mechatronic Engineering
There is widespread concern throughout the organization about job security. Employees are being laid off at such a rapid pace that it is difficult to keep track of who has been let go recently. As a result, morale has been significantly impacted. We continue to hear that additional reductions are planned, creating a constant sense of uncertainty and anxiety among employees. Many people are concerned that they could be next and are actively developing backup plans in case their positions are eliminated. The situation has become even more difficult given that several employees with 10–20 years of service have recently been laid off, while mandatory overtime requirements remain in place. This combination of workforce reductions and increased workload has further heightened stress and negatively affected morale across the team.
Culture & HR team who are clueless about global teams and work strategies. Focus on how many days and hours are spent in the office, rather than quality of work delivered. "You are being tracked by HR" has become the new way of life with the new culture. Total lack of communication after announcing job cuts are coming, due to awful truck sales and loss of market share in USA. Heavily bloated VP structure.
Lots of in fighting. High turnover due to working condition.
Heavy silos throughout causing communication issues