Germany’s business daily “Handelsblatt” reported Friday that automaker Volkswagen was planning to slash 30,000 jobs globally to prepare the Wolfsburg-based company for a better future after its massive emissions-cheating scandal.
The report said their would be no compulsory redundancies, but jobs that would break away as the carmaker focused more on e-mobility and less on combustion-engine technology would not be replaced. German sites would be especially affected by the cuts.
The “Handelsblatt” said the job cuts were part of a deal between the works council and management linking a leaner workforce with pledges on investments in future technology.
All in all, Volkswagen is hoping to save up to 4 billion euros ($4.24 billion) annu…
Read the full article at: http://www.dw.com/en/vw-to-cut-30000-jobs-amid-restructuring/a-36433292