Robert Besser
14 Mar 2025, 16:01 GMT+10
BERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent of the unit's 5,900 employees, according to a report by Handelsblatt.
The layoffs will primarily be carried out through redundancy programs, marking a significant restructuring effort within the automaker's software unit. Volkswagen confirmed the planned reductions, stating that they are part of a broader transformation strategy.
In an emailed statement to Reuters, the company said it is following a "transformation plan" for Cariad that was agreed upon in 2023.
"Last year, we already made the organization more efficient as an internal software solutions developer with higher in-house performance and are now also adjusting the number of employees accordingly," a Volkswagen spokesperson said.
Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationHouston (Texas) [US], March 14 (ANI): Indian origin Astronaut Sunita Williams and Butch Wilmore are scheduled to leave the International...
Amravati (Andhra Pradesh) [India], March 14 (ANI): Former Chairman of the Defence Research and Development Organisation (DRDO), G Satheesh...
SAN FRANCISCO — Social media giant Meta on Thursday announced it would begin testing its new Community Notes feature across its platforms...
Amaravati (Andhra Pradesh) [India], March 13 (ANI): The Andhra Pradesh government on Thursday signed a crucial Memorandum of Understanding...
Telecoms operator Jio, owned by Indias richest man, has agreed to help facilitate satellite internet to a market of almost 1 billion...
Telecoms operator Jio, owned by India's richest man, has agreed to help facilitate satellite internet to a market of almost 1 billion...
BERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent...
The principal terminal, Terminal 1, at Israel's largest airport will reopen at the end of this month, having largely been closed since...
NEW YORK, New York - The knee-jerk introduction of trade tariffs by President Donald Trump continues to rattle markets with all the...
FRANKFURT, Germany: Ford announced this week that it will inject up to $4.8 billion into its struggling German unit to stabilize its...
SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...
WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...