Car industry VW plans to cut more than 35,000 jobs by 2030
Volkswagen plans to cut more than 35,000 jobs by 2030. The decision is part of an agreement reached by the car manufacturer and the IG Metall trade union on Friday after days of negotiations.
20.12.2024, 19:15
SDA
"We had three priorities in the negotiations: Reduce overcapacity at the German sites, cut labor costs and reduce development costs to a competitive level," said VW brand boss Thomas Schäfer. "We have achieved viable solutions for all three issues."
The car manufacturer will reduce technical capacity at the German sites by over 700,000 vehicles. "These are tough decisions, but they also set an important course for the future." This will create the basis for Volkswagen to become the technologically leading volume manufacturer by 2030.
IG Metall chief negotiator Thorsten Gröger spoke of painful cuts. The union emphasized that plant closures and compulsory redundancies had been averted. "No site will be closed, no one will be made redundant and our company wage agreement will be secured for the long term," said Daniela Cavallo, Chairwoman of the General Works Council. There are concessions in the wage agreement, but also a new job security agreement until the end of 2030.
