Volkswagen announces imminent departures of 14,000 employees in upcoming times.
Volkswagen, one of Germany's largest employers, has announced a significant restructuring plan that will see the reduction of approximately 3,800 positions across its plants in Saxony and Osnabrück. This move is part of the company's strategy to adjust its workforce in line with current market and production demands.
Gunnar Kilian, Volkswagen's personnel director, confirmed the decision, which has raised questions about the company's future. The Saxony plants are set to lose around 2,900 jobs, while the Osnabrück plant could see a reduction of around 900 positions.
Volkswagen is aiming to make the transition as socially acceptable as possible, focusing on voluntary solutions for affected employees. The company offers generous conditions for early retirement, including up to 95% of previous net salary, additional pension and retirement benefits, and in some cases, severance packages reaching six-figure sums.
Approximately 1,300 employees are expected to leave the company voluntarily through termination agreements, while over 14,000 employees will choose to retire early. This means that more than 15,300 positions will be vacated through voluntary means, with the remaining positions being internally decided for cuts.
It's important to note that a significant portion of these cuts is already contractually agreed upon, and the company plans to cut up to 35,000 jobs in Germany over the next few years. This restructuring is part of Volkswagen's efforts to adapt to the changing automotive industry, particularly as it transitions towards electric vehicles and digitalisation.
The job cuts are expected to be completed by the end of 2030. The article was partly created with machine assistance and carefully checked by the editorial team before publication to ensure factual accuracy. The company's decisions are undoubtedly a significant development in the German automotive industry, and this news will have far-reaching implications for the affected employees and the communities they live in.
The finance department of Volkswagen will need to accommodate the significant restructuring plan, which involves cutting approximately 3,800 positions. This business decision, though contentious, is part of Volkswagen's strategy to align with the demands of the evolving automotive industry, focusing on electric vehicles and digitalization.
