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Volkswagen will cut 30,000 jobs worldwide under a huge savings plan after its diesel-gate emissions cheating scandal, the German auto giant said Friday.
The plan, which includes 23,000 job cuts in Germany, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, said Herbert Diess, board chairman of Volkswagen Passenger Cars.
Jobs will also be lost in Brazil and Argentina, two markets where the brand is struggling.
The group, which also owns brands including Audi and Skoda, was plunged into the biggest crisis in its history last year after it admitted to installing emissions cheating software in some 11 million diesel vehicles.
The so-called defeat devices could detect when a vehicle was undergoing regulatory tests and lowered emissions accordingly to make the cars seem less polluting than they were.
The crisis hurt sales and damaged the image of the proud German company, pushing it to its first loss in over two decades last year.
The plan, which includes 23,000 job cuts in Germany, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, said Herbert Diess, board chairman of Volkswagen Passenger Cars.
Jobs will also be lost in Brazil and Argentina, two markets where the brand is struggling.
The group, which also owns brands including Audi and Skoda, was plunged into the biggest crisis in its history last year after it admitted to installing emissions cheating software in some 11 million diesel vehicles.
The so-called defeat devices could detect when a vehicle was undergoing regulatory tests and lowered emissions accordingly to make the cars seem less polluting than they were.
The crisis hurt sales and damaged the image of the proud German company, pushing it to its first loss in over two decades last year.
