Volkswagen Plans to Cut 35,000 Jobs in Germany by 2030

Volkswagen, the German automotive giant, has announced plans to reduce its workforce by 35,000 positions in Germany by 2030. This move is part of a broader strategy to streamline operations and adapt to the evolving automotive landscape, including the shift towards electric vehicles and digitalization.

Key Points:

Voluntary Exits Encouraged:Over 20,000 employees have already opted for early retirement or voluntary exit packages.
Generous Severance Offers:Affected employees are being offered severance packages of up to $400,000 to ease the transition.
Strategic Realignment:The job cuts are aimed at reducing costs and reallocating resources towards innovation and competitiveness in the global market.

👉 Why this matters: Volkswagen’s restructuring reflects the broader challenges and transformations facing the automotive industry, highlighting the need for adaptability in a rapidly changing market.

🔗 Read more on Volkswagen’s plans

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