Transportation
Volkswagen Says 20,000 Workers Agree to Early Departures
Volkswagen AG is in the process of reducing production capacity and headcount in Germany.
Photographer: Krisztian Bocsi/BloombergVolkswagen AG said about 20,000 employees will voluntarily leave the company by the end of the decade as the carmaker restructures its German operations to cope with uneven demand for its vehicles.
The result shows that the company’s restructuring plans are on track, Gunnar Kilian, Volkswagen’s head of human relations and board member, told employees Tuesday at a workers assembly in Wolfsburg.