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/
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Showing posts with label Volkswagen. Show all posts
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