BERLIN (AP) — 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.”
Advertisement - story continues below
The move comes as Volkswagen unveils a program aimed at improving earnings by 2023.
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.