Volkswagen to invest up to four billion euros in digital transformation

BERLIN (Reuters) – Volkswagen (DE:VOWG_p) will invest up to 4 billion euros (£3.6 billion) over the years to 2023 to digitalise its administration and production, the German carmaker said on Wednesday, adding that up to 4,000 jobs in non-production units could be cut.

“At least 2,000 new jobs related to digitalization are to be created,” the Wolfsburg-based company said.

Works council head Bernd Osterloh added there would be no forced layoffs until 2029.



guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments