CEO of Volvo Says Company Is Considering Leaving Sweden Partly Due to Rise in Violent Crime

The CEO of Volvo warns that the company is considering moving its headquarters out of Sweden in the future, partly due to a rise in violent crime.

Håkan Samuelsson told a conference that the car maker was losing its appeal to foreign experts and engineers and further explained his concerns during an interview with SVD Näringsliv.

“We are building cars, we cannot solve the other problems, someone else must do that,” the CEO said, adding that it is becoming more difficult to attract workers due to Sweden’s worsening reputation.

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If the situation does not improve, the CEO warned that the company may even have to consider leaving Sweden in the future.

“Often people believe that decisions like these are taken by senior management or in China. But the fact is that we will only place our headquarters in a country where things work. At the moment, we are not close to such a discussion. But yes, it is something that might happen in the future,” said Samuelsson.

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Swedish author Björn Ranelid recently warned that the level of crime and violence the previously sedate country is experiencing amounts to a “small scale war”.