Reported about 1 month ago
Volkswagen is reportedly offering substantial severance packages, including bonuses of up to €450,000, to employees it considers surplus in a significant effort to cut costs by €10 billion. The strategy responds to concerns over declining electric vehicle demand and aims to lower administrative personnel expenses by 20%, potentially leading to job reductions after 2023. Despite workforce cuts, Volkswagen plans to expand its vehicle lineup, highlighting a commitment to the electric vehicle market.
Source: YAHOO