volks

 

Volkswagen said Wednesday it is investing up to €4 billion ($4 billion) in digitalization projects through 2023 – mainly in administration but also in production.

According to the German carmaker, up to 4,000 jobs in non-production units at Volkswagen AG Passenger Cars, Volkswagen Group Components and Volkswagen Sachsen GmbH will not be restaffed over the coming four years as it ramps up its IT processes.

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Works council head Bernd Osterloh added there would be no forced layoffs until 2029.