Car News

Volkswagen to cut 30,000 jobs by 2020

Volkswagen has announced it will cut a staggering 30,000 jobs in the wake of #dieselgate.

VOLKSWAGEN AND ITS labor unions have agreed to slash 30,000 jobs (VW has 610,000 employees worldwide) by 2020 to help bolster the companies flagging profits and avoid forced redundancies. Volkwagen’s emissions cheating scandal in the US has cost the company billions of dollars in fines around the world.

That said, Volkswagen in the same announcement also said it would create 9000 new jobs in its battery and mobility services factories in Germany as the brand moves towards an electric future. It’s believed the bulk of job cuts will come in Germany, but will also hit the US as the brand contracts there after #dieselgate.

“We have to invest billions of euros in new cars and services while new rivals will attack us – the transformation will surely be more radical than everything we have experienced to date,” VW brand CEO Herbert Diess said at a press conference.

Volkswagen and its labor unions developed what’s being called the ‘future pact’ as a way of improving the car maker’s profitability; it involves significant cuts to costs and potentially a cutting of poor performing units.

“The VW brand needs a real shake-up and that is exactly what the future pact has turned out to be,” the CEO said at a press conference at the carmaker’s headquarters yesterday.

“Everyone at the VW brand has understood what is at stake: to create a strong, future-proof VW,” Mueller said. The future pact “is the biggest modernization program in the history of the group’s core brand.”


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Azmodan
Azmodan
3 years ago

Wow, VW really are scum of the earth. While management are responsible the workers yet again get screwed and these scum will probably get Xmas bonuses. Happens all too often.

SgtCarlMc
SgtCarlMc
3 years ago

VW is cutting out poor performing units and 30,000 jobs. I’d say sack all those who colluded in cheating the emissions scandal in the USA and Europe, is VW trying to say the workers are responsible for the cheating programs, the computer switch when testing for emissions, that be right, sack the innocent workers and applaud the cheaters with bonuses for Xmas
When buying a VW in Australia today and in 5 yrs try to sell it, try convincing the new owner that the vehicle wasn’t involved with the cheating scandal

Jobe
Jobe
3 years ago
Reply to  SgtCarlMc

All the fuss about Dieselgate has caused the loss of sales and subsequently the loss of the jobs. Most of the people responsible have been sacked but thats just not going to make any difference to the bottom line.

Isaac Bober

Isaac Bober