Volkswagen will cut up to 7,000 administrative jobs over the next five years as it focuses on technology
BERLIN—Volkswagen AG’s namesake brand said Wednesday it would cut up to 7,000 administrative jobs over the next five years as the company focuses its spending on technology.
Volkswagen is spending billions to develop and produce electric vehicles outfitted with state-of-the-art communications and infotainment systems. To unlock capital for these investments, it is also modernizing its processes from the office tower to the factory floor.
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