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Showing posts with label Volkswagen. Show all posts
Showing posts with label Volkswagen. Show all posts

March 20, 2021

Germany: Volkswagen to slash up to 5,000 jobs to fund electric vehicle drive

Carmaker Volkswagen will shed up to 5,000 jobs between now and the end of 2023 as part of cost-cutting to finance its transition to electric vehicles, the company said in a statement on Sunday.

Up to 900 employees would opt for an early retirement scheme while others would leave the company as part of a gradual halting of their activities, it said.

It did not give a precise figure for those employees, saying only that it would be in the lower end of a “four-digit number”, an expression usually used to mean between 2,000 to 4,000.

Read more at: https://apiwp.thelocal.com/20210314/volkswagen-to-slash-up-to-5000-jobs-to-fund-electric-vehicle-drive/