Hanover, Germany, Dec 20, 2024 (AFP) - Volkswagen unveils major job cuts in cost-saving drive

NAMPA / AFP

2024-12-20

Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, reached at the end of marathon negotiations with labour representatives, will save Europe's largest carmaker around four billion euros ($4.2 billion) a year, the German group said. But the powerful IG Metall union hailed the agreement, which came just in time for Christm......

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