FILE PHOTO: A Volkswagen badge on a production line at the Volkswagen plant in Wolfsburg, Germany, March 1, 2019. REUTERS/Fabian Bimmer/File Photo
WOLFSBURG, Germany - Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW’s operating margin to 6 percent. Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help the Wolfsburg, Germany-based carmaker to reduce its workforce between 5,000 and 7,000 positions, the carmaker said.
“The measures from the earnings improvement program will enable our brand to achieve a competitive return level of six percent in 2022,” Arno Antlitz, Volkswagen brand’s board member for controlling, said in a statement.
Are any of them the code writers who circumvented emissions regulation with false reporting of data?
Le réchauffement de la planète et le plus gros canular de notre temps La disparition de la voiture thermique et de toutes les usines En est la conséquence Du million de chômeurs en + Q ne pourront plus payer la taxe carbone
Leave 7,000 people without a job so corporate VW will have more money. I guess that's the way it goes nowadays. 🙄
Thats over 800 thousand dollars an employee. Makes no sense
VW to cut...
They pay 850k a year? Hey VW can I get a job please?
That'll help pay all the fines!
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