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German automaker Volkswagen said on Wednesday that it plans to cut 5,000 to 7,000 jobs by 2023 in order to reduce operating costs by 5.9 billion euros (6 , $ 6 billion).
Volkswagen, Europe's largest automaker, has come under fire from the bursting of the dieselgate fraud scandal in 2015. The company is expected to invest 19 billion euros over the next five years in the development of cleaner electric vehicles and electric mobility technology.
Most job cuts should be through retirement offers. It is estimated that 11,000 Volkswagen employees will be eligible for retirement in 2019. At the same time, the company plans to create 2,000 additional jobs in research and development.
Read more: VW announces a profit of 12 billion euros and plans 22 million electric cars in 10 years
Ralf Brandstätter, managing director of Volkswagen, said the company should "do more to meet the challenges" that it will face in the coming years, adding that these changes would make Volkswagen "fit for the future." electricity and digital ".
Make Volkswagen more agile & # 39;
In December 2018, Brandstätter declared that Volkswagen "would force the pace of transformation and become more efficient and agile".
Volkswagen achieved a turnover of 235.8 billion euros in 2018, for a net profit of 12.15 billion euros.
Arno Antlitz, Volkswagen's chief financial officer, said these measures are expected to boost profits by 6% by 2022.
According to a press release, the company has already put in place a "digital roadmap" that automates the administration and computer systems.
wmr / sms (Reuters, AFP, dpa)
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