Volkswagen cut 30,000 jobs


Volkswagen will cut their workforce by up to 30,000 in the coming years, confirms the German carmaker.

Around 23,000 of the jobs are going to disappear just in Germany, said VW Friday.
The cuts will take place until 2021. The aim is to achieve cost savings of 3.7 billion euros, equivalent to 34 billion kroner.
The unions in the group claimed to stand behind the plans.
The cuts apply only to the part of the company that produces the brand Volkswagen.
The company is also behind a number of other brands, including Audi and Skoda.
New investments in electric vehicle technology, however, is expected to create 9,000 new jobs, stated sources to Reuters.
The management of VW acknowledged last fall that the company manipulated software for several car models so that they appear to be more environmentally friendly in tests than what they are in reality. Around 11 million vehicles around the world were affected by the scandal.
Source: NTB scanpix / Norway Today