Volkswagen AG reached a landmark agreement with workers to cut as many as 30,000 jobs globally and save 3.7 billion euros ($3.92 billion) in expenses as the company tries to claw back from its emissions-cheating scandal and invest in electric vehicles.
Reducing headcount by nearly 5 percent will come through attrition as the automaker agreed to refrain from forced layoffs until 2025, the German company said today.
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