Volkswagen to Cut 30,000 Jobs Worldwide, Says Diess

Volkswagen is taking a major step towards the future by restructuring its brand to focus on the automotive industry's upcoming changes. The company plans to invest heavily in electric vehicles and digital services to stay competitive. Despite financial challenges, Volkswagen aims to increase profits significantly by 2020. The restructuring includes reducing the workforce by 30,000 jobs, mainly in Germany, while creating 9,000 new roles in software development. The company is committed to training its staff and ensuring global regions contribute to profitability.

What is Volkswagen's primary focus in its new strategic plan?

• Expanding its current vehicle lineup

• Restructuring the brand for future industry changes

• Reducing production costs

• Increasing marketing efforts

What financial challenge is Volkswagen currently facing?

• High production costs

• Rising overheads and declining productivity

• Lack of investment in new technologies

• Decreasing market share

How does Volkswagen plan to increase its profits from 2020 onwards?

• By increasing vehicle prices

• By launching new car models

• Through savings and efficiency enhancements

• By expanding into new markets

How will Volkswagen manage the reduction of 30,000 jobs?

• Through compulsory redundancies

• By closing several plants

• By attrition and phased early retirement

• By outsourcing jobs

What new opportunities is Volkswagen creating as part of its transformation?

• New marketing roles

• Jobs in software development and future-oriented areas

• Roles in customer service

• Positions in traditional manufacturing