Volkswagen shall cut 2,500 jobs per year through early retirements, says labor boss

by SpeedLux
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Volkswagen shall cut up to 2,500 jobs annually over 10 years by moving employees into early retirement, Handelsblatt reported, pointing out Bernd Osterloh, chief of the automaker’s influential works council.

Leading management and labor leaders are locked in hard talks on future method and cost savings at the struggling Volkswagen, Osterloh said in an interview with the German business day-to-day published on Wednesday.

Labor leaders, who hold about half the seats on Volkswagen’s supervisory board, are seeking to prevent straight-out dismissals at Europe’s largest car manufacturer and instead back voluntary actions to minimize headcount by means of early retirements, Handelsblatt stated.

“The jobs of Volkswagen employees are safe,” the paper quoted Osterloh as stating.

Volkswagen, coming to grips with the impact of its diesel emissions scandal, will also need to hire new staff in software advancement and mobility services, Osterloh stated, without revealing information.

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