VW starts massive job cuts: 20,000 retirement employees!

VW starts massive job cuts: 20,000 retirement employees!

Vienna, Österreich - Volkswagen has now offered premature resignation as part of a comprehensive savings program. As vienna.at , the majority of these leaks are carried out via a partial retirement model. This program was decided at the end of 2024 after intensive negotiations between the board and union IG Metall and provides for a total of 35,000 jobs, mainly in German works.

The goal of this savings program is to save 1.5 billion euros in labor costs annually. The previous success is evident in the high number of employees who have already signed an agreement for their early resignation. According to t-online.de is about two thirds of these employees in the birth-strong year 1969 and 1970 should make socially acceptable; Discharge -related layoffs are excluded.

financial regulations and social responsibility

The severance payments that the departing employees can receive depend on the service and can be up to 400,000 euros. In a further step, Volkswagen will plan a drastic reduction in apprenticeships from 2026, from currently 1,400 to 600 annually. For example, VW sees the partial retirement model as a central element in the implementation of the job removal.

According to information from Welt.de , the offer for premature retirement is expanded to the born 1968, which affects around 4,000 employees. The deadline for the years 1965 to 1967 was also extended to include as many employees as possible in this age regulation. It is estimated that around 24,000 employees could leave the partial retirement by 2030, which corresponds to almost 70 percent of the planned job removal.

additional offers and future precautions

Volkswagen, the fee of partial retirement increases to 78 to 95 percent of the previous net individual content. At the same time, the group takes over the full contributions to the statutory pension insurance and company pension scheme. During the first half of the mostly seven -year term, the employees work completely, while they stay at home in the second half.
Interestingly, Volkswagen will continue to compensate for half of the statutory pension when the retirement is retired.

IG Metall expressed concerns about the long -term durability of the measures, since the economic challenges for German car manufacturers are still considerable. Despite these uncertainties, the union found that the current measures have been averted for the time being.

Overall, it can be seen that Volkswagen aims with his savings program to a significant reduction in labor costs and personnel resources. Whether these measures can secure the desired success in the long term remains to be seen in view of the dynamic market developments.