Volkswagen faces intense competition in the Chinese market and challenges in transitioning to electric vehicles, prompting the need for a significant restructuring. Under an agreement with unions made last year, the company plans to cut 35,000 jobs by 2030, with 20,000 workers already opting for voluntary redundancy. This reduction represents about 30 percent of VW’s workforce in Germany. Despite previously considering factory closures, VW opted for job cuts through voluntary means, emphasizing responsible practices and measurable progress in their operations.
Around 20,000 Volkswagen workers have agreed to voluntary redundancy as part of a cost-cutting overhaul, amid job cuts totaling 35,000 by 2030.
VW is implementing voluntary job cuts which amount to about 30 percent of its German workforce, as part of a major restructuring strategy.
The agreement with unions to cut jobs through voluntary redundancies avoided factory closures, which VW considered for the first time in its history.
Board member Gunnar Kilian stated that the job cuts are "socially responsible" and contribute to "measurable progress" for the company.
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