Volkswagen will cut 30 thousand employees for the sake of saving € 3.7 billion

Volkswagen will cut 30 thousand employees for the sake of saving € 3.7 billion

Moscow. 18 Nov. German automaker Volkswagen AG (VW), in agreement with the trade unions will cut tens of thousands of jobs and save billions of dollars to restore profitability, to eliminate the consequences of oil and Finance the transition to electric cars and unmanned vehicles, reported on Friday the foreign media, citing informed sources.

One of the first cuts written by German newspaper Handelsblatt, which said the dismissal of 30 thousand people working in the Volkswagen brand around the world. Reuters sources clarify that 23 thousand of them in Germany. According to Bloomberg, all will be reduced to 23 thousand jobs, while involuntary layoffs will not be until 2025.

Almost all the publications agree in the assessment of the magnitude of savings – € 3.7 billion or $3.9 billion per year.

Later on Friday, Volkswagen will hold a press conference at the headquarters in Wolfsburg (Germany).

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The Volkswagen scandal erupted in September 2015 after the us Agency for environmental protection (EPA) revealed that the company installed in its vehicles with diesel engines computer programs that during inspections understate the emission of harmful substances.

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According to the company, the fake test results touched 11 million cars with diesel engines around the world. In total the cost of Volkswagen in connection with diesel scandal has already exceeded 18.2 billion euros.

In October a court in the US approved the compensation to state agencies and consumers of the country in connection with disengaja $14.7 billion the Amount of compensation is paid to the largest car manufacturers in the history of the United States.

In addition to the eponymous brand, belong to the Volkswagen brand cars from Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda, Ducati motorcycles, trucks MAN, Scania and Volkswagen Commercial.