VW to Cut 3,000 Office Jobs in Germany By End 2017

Volkswagen plans to cut about 3,000 office jobs in Germany by the end of 2017 as the carmaker strives to offset the cost of its emissions test-rigging scandal, two sources at the company said on Thursday. Europe’s largest automaker is cutting investment by 1 billion euros in 2016 compared with last year and aims to shed hundreds of temporary jobs and cease unprofitable models in a bid to reduce costs in the wake of the scandal. VW employs about 120,000 workers at its Western German plants and its financial services division, with about a third of those being office positions.

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