VW lays off 35,000 employees

VW lays off 35,000 employees

After it was recently reported that Volkswagen could move production of the Golf Mk 8 to Mexico, it will happen. This information was confirmed by Volkswagen, which after the strikes reached an agreement with the IG Metall union, which means that the German company will lay off more than 35,000 employees by 2030.

Volkswagen says that the agreement combines job security, financial stability and a leading technological position in the field of sustainable mobility. They also said that the savings of more than 15 billion euros per year will help future investments until the end of the decade.

“The agreement is an important signal for the sustainability of the Volkswagen brand, Volkswagen Commercial Vehicles and the component plants. The agreed package of measures allows the company to set a decisive course for its future in terms of costs, capacity and structure. We are now once again in a position to successfully shape our destiny,” said Volkswagen Group CEO Oliver Blume.

The Golf Mk 8 is currently produced at the Wolfsburg plant, and after the decision, only the electric version of this model, the ID.3 and the Cupra Born will be produced there. Other plants in Germany will also continue to produce other models from the VW Group.

Source: Volkswagen

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