Workers at Volkswagen Go on Part-Time Absences in Large Numbers
VW Group is focusing on shedding tens of thousands of jobs by 2030, with 20,000 employees already on board for the exodus.
Personnel director Gunnar Kilian confirmed at a works meeting in Wolfsburg that approximately 20,000 employees have already entered into contractual agreements for their departure. This strategic move is part of VW's broader restructuring aiming to significantly reduce indirect personnel costs. The company is offering various options such as early retirement, retirement regulations, and termination agreements to facilitate the process.
Out of these options, two-thirds of the employees are opting for early retirement, according to the Bild newspaper. While the severance amount—ranging up to 400,000 euros for long-serving employees—depends on the length of service, employees choosing early retirement or retirement regulations will not receive additional compensation.
VW is determined to achieve its goal of chopping off a total of 35,000 jobs in Germany by 2030. The next phase of the plan targets the large birth cohorts of 1969 and 1970. With more than a quarter of the 130,000 jobs set to go, this restructuring push will significantly reshape the company's workforce.
Surviving the Economic Tide: VW's Transformation Struggle
At the beginning of the year, VW and employee representatives agreed on a comprehensive savings program for the core VW brand to prevent threats of plant closures and mass job cuts in Germany. Despite the hurdles, gains are being made.
Personnel director, Gunnar Kilian, stated, "We are on track. With measurable progress in factory costs in Wolfsburg and socially agreed job cuts at the six German sites of Volkswagen AG, we are accelerating our transformation." However, even though the initial measures of the 'Future Volkswagen' agreement are taking effect, the company acknowledges that there is much work still to be done to make VW competitive and future-proof by 2029.
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Bonus Offers on Volkswagen Vehicles in 2025
While the search results don't provide specifics about Volkswagen's company restructuring, they do highlight various promotions available for Volkswagen vehicles in 2025. These include Memorial Day savings, military and first responder programs, college graduate programs, and retail customer bonuses.
Company Restructuring in the Automotive Sector
It's common for companies in the automotive sector to undertake restructuring as part of broader strategic plans, often involving cost-saving measures and workforce adjustments. To remain competitive and adapt to shifting market conditions and technological advancements, companies like VW may need to focus on workforce adjustments towards electric vehicles by 2030. For details on Volkswagen's job cut goals or severance packages, consult official company announcements or financial reports.
- As part of Volkswagen's broader restructuring aiming to reduce costs and become more competitive, the company is offering various options such as vocational training, early retirement, and termination agreements to facilitate the process.
- In the wake of VW's focus on shedding tens of thousands of jobs by 2030, the company's community policy includes offering finance for business growth and vocational training to help employees transition into new career paths.
