Volkswagen AG said Sunday that it has agreed measures with the employment council for this year that include measures to cut jobs by offering partial and early retirement to some employees.
The German carmaker said it would provide partial retirement options for workers born in 1961, 1962 or 1964, and offer early retirement for workers born between 1956 and 1960. He said the up to 900 employees are expected to opt for early retirement and “four low-digit numbers” to opt for partial retirement.
A previously implemented recruitment freeze will be extended, while unfilled positions will be reviewed, he said. Only the company’s electric, digitization and battery cell development fields will be able to hire outside workers, he said.
The certificate’s budget will increase by 40 million euros ($ 47.8 million) to EUR200 million, the automaker said. He did not disclose the full costs to which he intends to implement the measures.
Write to Kim Richters at [email protected]