VW to cut 7000 jobs drastically increase software development by 2030

first_imgIn a bid to save €5.9 billion and raise their operating margin to 6%, VW will cut 5,000-7,000 jobs by 2023.  These job cuts will mostly be a result of offering early retirement to longtime employees, rather than layoffs.  The comments on this change in strategy were made at VW’s annual media conference in Wolfsburg.As part of this announcement, VW laid out a plan for its future.  The company will boost their software engineering department significantly in the coming years, hiring 2,000 new employees in software and electronics. more…The post VW to cut 7,000 jobs, drastically increase software development by 2030 appeared first on Electrek. Source: Charge Forwardlast_img

Leave a Comment

Your email address will not be published. Required fields are marked *