WOLFSBURG, Germany - Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.
The plan, announced on Wednesday, comes a day after the German automaker warned it would cut jobs as it speeds up the rollout of electric cars, which are less complex to build and require fewer workers. The new cost cutting drive is a continuation of Volkswagen’s 3 billion euros Zukunftspakt savings plan. So far, VW has realized around 2.4 billion euros of the planned 3 billion annual cost savings by 2020.At the same time, VW will create 2,000 new software jobs, as well as electronics positions in technical development, it said.
The first electric car on the platform - the “ID” - will hit showrooms in 2020 and VW expects the launch edition to sell out, VW’s board member for sales Juergen Stackmann said. VW declined to say how many cars would be produced for the launch edition.
Cut the big bosses salaries instead
da fk cutting 7k jobs is bullsht
Not sure where the extra power plants will come from with this big expansion of electric cars. It takes several years to plan, consult, decide, build. Unless Governments wake up to this, people won’t all be able to have electric cars. Lots of challenges, but we should try.
Well their cRs are crap and they aren’t selling.... makes sense.
pun intended?
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