Reuters
Volkswagen CEO warns shift to electric vehicles could cost 30,000 jobs -sources
BERLIN (Reuters) -Volkswagen’s CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday. Competition from new entrants to Germany’s market, like Tesla, has pushed the company to speed up its transformation, Diess is said to have told attendees. The U.S. EV maker plans to produce 500,000 cars a year in Germany with 12,000 employees, while Volkswagen’s 25,000 produce just 700,000 cars at its Wolfsburg plant.
