Overview

• At least 20,000 Volkswagen staff have agreed to voluntary redundancy, with two-thirds opting for partial retirement.
• The automaker remains on track to reduce its German workforce by 35,000 positions by the end of the decade.
• Executives forecast annual savings of roughly €1.5 billion in operational and labor costs through these measures.
• Union talks are ongoing over extending the redundancy offer to employees born in 1969 and 1970 and cutting apprenticeship slots from 1,400 to 600 by 2026.
• Volkswagen marked its one millionth electric vehicle at Zwickau and unveiled three EV concept models—the ID. AURA, ID. ERA and ID. EVO—in Shanghai.