, although the cuts should be achieved via retirement offers.
It estimates that the automation of routine tasks will result in the loss of between 5,000 and 7,000 jobs by 2023 and that around 11,000 workers will be eligible for retirement in the coming years. Even as some positions are cut, bosses expect to create 2,000 new jobs in electronics and software development to shape the firm's reorientation, and said they would uphold a job security guarantee valid until 2025.Chief operating officer of the VW brand Ralf Brandstaetter said in a statement the changes would"make Volkswagen fit for the electric and digital era".
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