News

Volkswagen to shed up to 7,000 jobs through automation

Volkswagen to shed up to 7,000 jobs through automation
Autos
BERLIN -- German carmaker Volkswagen AG says it expects to shed between 5,000 and 7,000 jobs at its core brand by 2023 as a result of increasing automation of "routine tasks."

The Wolfsburg-based company said Wednesday that the Volkswagen brand can cut the posts by not recruiting replacements for employees who retire, and so it can carry out "restructuring along the demographic curve."

It said that, at the same time, it will create some 2,000 new jobs in technical development. The company noted in a statement that "with regard to all measures, Volkswagen has given its workforce a job security guarantee until at least 2025."
Read more on CTVnews
News Topics :
RELATED STORIES :
Business
FRANKFURT Automaker Volkswagen said Friday it will shed 30, 000 jobs to cut costs as it tries to recover from its diesel emissions scandal and invests more in electric powered vehicles...
World
WATCH ABOVE A U.S. federal judge has approved Volkswagen’s $14.7 billion settlement with regulators and car owners following the company’s emissions scandal. Jeanne Yurman reports. Listen WOLFSBURG, Germany –...
Autos
FRANKFURT Carmaker Ford said Thursday it is shedding 12, 000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes...
World
FRANKFURT Carmaker Ford said Thursday it is shedding 12, 000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes...
World
Carmaker Ford said Thursday it is shedding 12, 000 jobs in Europe to increase profitability, part of a global trend of cost cuts by automakers facing shifting consumer tastes and heavy...