By Admin 
Volkswagen job cuts: The German car maker Volkswagen is going to be trimmed by a large scale. The company’s plan is to lay 35,000 people in Germany by 2030. The company is going to take this step to save money because many companies are already facing challenges due to American tariffs.
Thousands of employees are going to take voluntary retirement
According to local media reports, more than 20,000 Volkswagen employees have agreed to leave the job early after taking voluntary retirement. Recently, a meeting held at the company’s headquarters in Wolfsburg revealed that the company is giving them the option of voluntary retirement or premature retiring to this.
Company is also making arrangements for serence package
To ease the workers, the company is also arranging a serence package for the employees affected by the layoffs. This is a kind of compensation, which the company or employer gives an employee after avoiding jobs or leaving the job. Volkswagen can provide a serence package of up to $ 400,000 to the affected employees. However, it also depends on who has worked in the company for how long.
Trainee employees will also be less in the company
Not only this, the company will also reduce its trainee employees from 1,400 to only 600 taxes from 2026. By doing this, the company is trying to reduce its labor cost. The company aims to save about 1.5 billion euros every year. Apart from this, salary of 1,30,000 employees will also not increase. The increase of 5 percent in the planned salary in advance will be transferred to the company’s fund.
However, in the midst of all this, Volkswagen also says that it will not close any of its factory at the moment. With this, trade unions and leaders will also remain calm. The company hopes that these steps will help to keep the production in Germany competitive and stable.
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