In a development for the auto industry, Volkswagen has announced that around 20,000 employees will voluntarily leave the ...

Some 20,000 Volkswagen workers had so far accepted redundancy offers, out of a total of 35,000 due to be shed by 2030.

VW wants to lower its German production capacity by 734,000 to better align with demand. Board members will also have their ...

Workers have agreed to leave the company by 2030 via early retirement, normal retirement or termination agreements. The bulk of the voluntary departures are retirements, though the carmaker has so far ...