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Volkswagen Mulls Job Cuts, Hiring Freeze

Mar 15, 2021 - Nasdaq

(RTTNews) - German automaker Volkswagen AG announced plans for job cuts and hiring freeze at the January 2021 level to cut cost. This is part of its digital transformation roadmap to focus on electric vehicles and other new technologies.

In the extensive retirement package, the company said up to 900 workers are expected to opt for early retirement, while a low four-digit figure would take partial retirement up to the end of 2023.

Training budget has been increased by 40 million euro...