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posted by hubie on Thursday September 26, @11:57AM   Printer-friendly
from the crushing-beetles dept.

VW is considering axing as many as 30,000 jobs as it scrambles to save billions of euros amid a slowdown in the car market, German media has reported:

The carmaker recently announced it could close some of its German factories for the first time in history as it struggles to reinvent itself for the electric era.

Analysts at Jefferies said VW is considering closing two to three facilities, with as many as five German sites under threat, putting 15,000 jobs at risk.

[...] A VW spokesman said: "We do not confirm the figure. One thing is clear: Volkswagen has to reduce its costs at its German sites.

R&D will likely be hit hard:

While Volkswagen is staying tight-lipped on specifics, Manager Magazin suggested research and development could take a massive hit. If their numbers pan out, roughly 4,000 to 6,000 R&D employees could be cut from the current number of around 13,000.

Previously: VW Turns on Germany as China Targets Europe's EV Blunders


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  • (Score: 3, Informative) by corey on Thursday September 26, @11:15PM

    by corey (2202) on Thursday September 26, @11:15PM (#1374749)

    Agree with all you and pTamok said. I had an ‘05 Audi A3 diesel, awesome car. But the service was hell expensive. I found through my car club where to take it, who would use VW or 2nd hand parts to replace engine bits rather than high profit Audi parts (which were the same anyway).

    Seems like VW are way back in the distance w.r.t. EVs. Here in Australia, people are buzzing most about the Chinese and Korean brands. Seems to be a race to the bottom on pricing currently. News the other day was a Byd EV for AU$31k. There’s no way in hell VW will compete with that and there’sa huge thirst for EVs now, but most people will be going for the $30-40k models. In my uninformed opinion.

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