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 investments is Volkswagen planning to make in the coming years?

What measures will Volkswagen take to ensure job security for its employees?