BERLIN (Reuters) – Carmaker Volkswagen plans to cut up to 5,000 jobs in Germany by offering early or partial retirement to older workers in a move that could cost 500 million euros ($ 598 million), the Handelsblatt newspaper reported on Sunday.
The newspaper said a spokesman confirmed that the company had agreed the plan with the works council to open partial retirement to those born in 1964, while also offering early retirement to employees. older work.
Volkswagen was not immediately available for comment.
Handelsblatt said company sources said Volkswagen was setting aside 500 million euros for the plan because it would compensate the remaining workers by raising the pension, even if it saved billions in the long run.
The newspaper reported that Volkswagen is also extending the employment freeze to the end of the year. Previously he had not been there until the end of the first quarter. Outsourcing can only be done in areas such as information technology and software.
Volkswagen Group said in January that it would cut costs by over 5% and supply costs by 7% over the next two years.
Reciting with Emma Thomasson; Edited by Edmund Blair