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Volvo Group Named One of the 2020 World’s Best Workplaces by Great Place to Work and Fortune

THE VOLVO GROUP DEBUTED AT NUMBER 20 ON THE LIST OF THE WORLD’S BEST WORKPLACES™ IN 2020, SURPASSING MORE THAN 10,000 PARTICIPATING ORGANIZATIONS AND REPRESENTING THE VOICES OF 10.2 MILLION EMPLOYEES IN 92 COUNTRIES

Of Volvo Penta employees, 94% say it’s a great place to work compared to 59% at a typical US-based company. Volvo Penta is headquartered in Chesepeake, Virgina.

The 25 World’s Best Workplaces stand out with exceptional employee experiences, high-trust relationships, and workplaces that are fair and equal. Given the historic challenges of the past year, The Volvo Group’s position is especially impressive.

“Every day and across all of our 12 great brands, our employees are engaged in developing sustainable future solutions that are essential for any society to prosper,” says Martin Weissburg, president of Mack Trucks and chairman of Volvo Group in North America. “Connections and meaningful work inspire people to work harder for their colleagues and their customers. It’s what motivates our team to go that extra mile.”

A GREAT PLACE TO WORK

Many Volvo Group entities received Great Place to Work certification in 2020. This includes Volvo Financial Services in Brazil, Canada, Chile, China, Italy, Mexico, Poland, Sweden, UK, and the US. It also includes Volvo Penta in the US, Volvo Construction Equipment in Argentina, Volvo Group Brazil, and Volvo Group Italy.

Colleagues from Volvo Financial Services and Volvo Group in Brazil recently celebrated their Great Place to Work certification.

“We are truly honored and deeply humbled to be receiving this award,” says Marcio Pedroso, president of Volvo Financial Services. “Our winning culture thrives on open dialogue, equality, and fairness. This creates opportunities for employees that are important to their personal growth and engagement at work.”

Additionally, almost 80% of Volvo Financial Services employees work in a market recognized by Great Place to Work.

Some companies boast an inspiring purpose, innovation, or a strong culture with growth opportunities and fair compensation. But it is the combination of these offers that has set the Volvo Group apart for more than 90 years.

“The workplace culture we’ve fostered is anchored in treating others with respect and inviting everyone to contribute to the innovations that have been the hallmark of Volvo Penta through the years,” says Martin Bjuve, president and CEO of Volvo Penta of the Americas. “I am especially proud of our strong record of creating an environment that embraces diversity and inclusion throughout our company.”

PASSION FOR COMMUNITY

Volvo Group employees are also deeply passionate about making a difference in the community. This has been more important than ever during the pandemic. A few ways the company supported front-line heroes and people in need worldwide include:

  • Monetary donations to Red Cross International and the United Way;
  • Producing and donating personal protective equipment (PPE) to local health care professionals in Europe, North America, and China;
  • Donating R&D expertise for ventilator development in the US and electric motors for ventilator production in Belgium;
  • Offering free meals to truck drivers delivering essential supplies in Poland and the US;
  • Donating groceries to unemployed and migrant workers and their families in South America;
  • Food and laptop donations for families and for students in the US; and finally
  • Free truck deliveries of needed supplies to several charities with local and global reach.

“Congratulations to the World’s Best Workplaces,” says Michael C. Bush, CEO Great Place to Work. ”These organizations not only have succeeded at creating a high-trust, inclusive, global culture, they have met the historic challenges of the past year with inspiring, deeply human responses. In the worst of times, the World’s Best have given us hope for a better future.”

AMONG THE BEST

Great Place to Work identifies the top organizations that create great workplaces around the world with the publication of the annual World’s Best Workplaces list. To be eligible for the World’s Best Workplaces list, a company must be on five or more national Best Workplaces lists, have 5,000 employees or more worldwide, and at least 40% of the company’s workforce (or 5,000 employees) must be based outside of the home country. Companies also receive additional credit for their efforts to successfully create an excellent workplace culture in their worldwide locations. Candidates for this year’s list appeared on lists published in 2019 and 2020.

Find out more, visit www.volvogroup.com.

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