Volkswagen to shed up to 7,000 jobs through automation

Volkswagen to shed up to 7,000 jobs through automation

Volkswagen to shed up to 7,000 jobs through automation

German automaker Volkswagen said Tuesday it plans to ramp up its production of electric vehicles over the next ten years to 22 million and reduce its carbon footprint over vehicle life cycles by 30 per cent.

"We have already achieved a great deal with the pact for the future: but there is still much more to do if we are to manage the challenges facing us beyond 2020 as well", COO Ralf Brandstätter said in a statement.

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The VW vehicle brand, which accounts for about half of the group's global deliveries, employs about 185,000 workers out of a total workforce of 650,000. The company works council has warned VW's management against treating administration and production workers differently in offering the possibility of semi-retirement. Return on sales for VW's namesake brand previous year fell to 3.8% from 4.2%t because of higher spending on future electric models and production bottlenecks triggered by stricter emission rules in Europe. Zwickau will also build electric cars for Volkswagen's Seat and Audi brands.

Arno Antlitz, Volkswagen's chief financial officer, said that the measures are expected boost profits by 6 percent by 2022.

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Most of the job cuts are expected to be carried out through retirement offers.

Even as some positions are cut, bosses expect to create 2,000 new jobs in electronics and software development to shape the firm's reorientation, and said they would uphold a job security guarantee valid until 2025. Order books for electric ID hatchback open on May 8 and sales chief Juergen Stackmann said feedback from dealers is so strong that the model might be sold out before its official presentation in September.

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Volkswagen states that first adopters of the I.D. will receive special, launch-edition cars, but has not specified how these will stand out from subsequent models.

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