Search Results for ‘layoff’

Nearly 9,300 employees Volkswagen employees have agreed to retire early as part of a cost cutting effort. "We are rapidly approaching our target of 9,300 contracts signed. Employees who wish to take partial early retirement must make their decision by July 31," said Karlheinz Blessing, VW board...

The Volkswagen brand plans to get rid of roughly 30,000 jobs by 2021 in a bid to save about $3.9 billion annually.  According to Reuters citing sources close to the matter, Volkswagen will let all of the employees go through attrition, as the company has agreed to no forced layoffs until...

Volkswagen Group may move 2,500 workers into early retirement per year over the next 10 years. That’s a according to German newspaper Handelsblatt, which quotes Bernd Osterloh, chief of Volkswagen’s works council, saying that the move would help avoid actually laying workers off. “The jobs of...