Volkswagen to shrink workforce by 7,000 staff to save 5.9 billion euros
Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help the Wolfsburg, Germany-based carmaker to reduce its workforce between 5,000 and 7,000 positions
![Volkswagen to shrink workforce by 7,000 staff to save 5.9 billion euros Volkswagen to shrink workforce by 7,000 staff to save 5.9 billion euros](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2019/03/13/78074-volkswagen-reuters.jpg?itok=FJqU9ogN&c=466f503b8aab086c0f3738245520c9d1)
Germany-based carmaker to layoff 7,000, in order to increase productivity. Photo: Reuters