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Volkswagen Plans to Cut 50,000 Jobs
Confirmed
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Christianne Benner - the president of Europe's largest industrial union IG Metall and deputy chair of VW's Supervisory Board - said the carmaker had "fought hard for good solutions" to address a "crisis situation".
The move is a "strong signal" for the future of the firm, which is "taking responsibility for our entire workforce", VW's chief executive Oliver Blume said in a statement on Thursday.
The company is also considering the future of its Emden, Zwickau, Hanover and Neckarsulm plants, where it has said production capacity exceeds demand.
The group - which includes Audi, Porsche, Skoda as well as the VW brand - said in March that it would cut 50,000 roles by the end of the decade.
VW will also prioritise the "most compelling vehicles" and make more of each model, which will help lower costs, it said.
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Oliver Blume said in July that the firm was looking to make the additional cuts.
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- "Alternative uses for these plants are being assessed," it said.