Volkswagen to invest up to 4 billion euros in digital transformation By Reuters

© Reuters. FILE PHOTO: The logo of German carmaker Volkswagen is seen at the Volkswagen (VW) automobile manufacturing plant in Puebla near Mexico City

BERLIN (Reuters) – Volkswagen (DE:) 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.

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2019-06-05

By: Staff Writer

On: June 5, 2019

In: Hot Stock News

Tagged: billion, digital, euros, invest, Reuters, transformation, Volkswagen

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