Volkswagen to slash 30,000 jobs by 2020

‘German carmaker Volkswagen has unveiled plans to cut tens of thousands jobs worldwide. It is part of a restructuring plan to boost profitability and fund a shift to electric and self-driving cars following the emissions scandal.
About 23,000 jobs are to go in Germany, the company announced Friday.
According to Volkswagen Chief Executive Matthias Mueller, it will be “the biggest modernization program in the history of the group’s core brand.”‘
Read more: Volkswagen to slash 30,000 jobs by 2020