Volkswagen to invest up to 4 billion euros in digital transformation
FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near Mexico City September 23, 2015. REUTERS/Imelda Medina/File Photo
BERLIN (Reuters) – Volkswagen will invest up to 4 billion euros over the years to 2023 to digitalize 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.
Reporting by Thomas Seythal, editing by Thomas Escritt