WOLFSBURG (Germany) Sept 4 (Bernama-dpa) -- Volkswagen plans to cut a further 50,000 jobs in the coming years as part of its cost-cutting package, the German carmaker said on Thursday evening, reported German Press Agency (dpa).
VW described the reduction in global staffing capacity as necessary to meet the targets of its transformation programme.
The future of four German plants within the Volkswagen Group hangs in the balance, the company added.
No competitive future use can be guaranteed for the Emden, Zwickau, Hanover and Neckarsulm sites on a phased basis from 2031 to 2034.
“Alternative uses are being examined in parallel, and as a complementary measure” for these plants, the company said.
A concept for a sustainable and competitive production structure for the European plants that is compatible with the overall vision is to be developed by the end of June 2027.
“The future plan creates the conditions to make the Volkswagen Group and its brands more capable, more competitive and more future-oriented,” the company said in a statement.
“The implementation of the plan is, in the view of the management board and the supervisory board, absolutely necessary to maintain the competitiveness of the Volkswagen Group and to secure it sustainably for the future.”
After intensive and constructive deliberations, the supervisory board "unanimously approved" the comprehensive Future Plan 2030 of the Volkswagen Group.
-- BERNAMA-dpa
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