Volkswagen can reduce staff by 7 thousand employees until 2023

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German car manufacturer Volkswagen, which implements the strategy for the development of the production of unmanned vehicles and electric vehicles, which requires an increase in costs, may, by 2023, reduce its staff by 7 thousand people, Handelsblatt writes, referring to sources familiar with the situation. The auto concern is striving to maintain profitability in the process of developing the production of new types of cars, which requires an increase in financial costs. To reduce production costs, the company planned to cut 5,000 administrative employees. However, according to sources, this number may increase to 7 thousand people.

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