Volkswagen Eyes Shuffling 2500 Jobs a Year Into Early Retirement To Cut Costs

Volkswagen Group may cut up to 2,500 jobs a year over 10 years by moving workers into early retirement, Handelsblatt reported, citing Bernd Osterloh, chief of the carmaker's influential works council.

Top management and labor leaders are locked in "tough" talks on future strategy and cost savings at the troubled VW brand, Osterloh said in an interview with the German business daily published today.

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TheSteve - 10/12/2016 12:30:21 PM

+4 Boost

It makes sense with both sales and profits down due to the Dieselgate scandal. I wish the exitees well, and I hope it's done humanely and fairly.