About 20,000 employees will voluntary depart by 2030 as the firm restructures its German operations, targeting around 35,000 job cuts without mandatory layoffs.
Volkswagen AG said about 20,000 employees will voluntarily leave the company by the end of the decade as the carmaker restructures its German operations to cope with uneven demand for its vehicles.
Gunnar Kilian, Volkswagen’s head of human relations and board member, told employees Tuesday at a workers assembly in Wolfsburg that the company’s restructuring plans are on track.
“With measurable progress on factory costs in Wolfsburg and socially responsible job cuts at Volkswagen AG’s six German sites alone, we are accelerating our transformation,” Kilian said. “Around 20,000 departures from the company by 2030 have already been contractually agreed.”
The total represents more than half of the 35,000 headcount reduction target, which the company aims to do without compulsory layoffs.
The article originally appeared on Hindustan Times
