Volkswagen has announced plans to cut 30,000 jobs worldwide with about 23,000 of the losses borne in Germany.
VW, still dealing with the aftermath of the emissions-cheating scandal, aims to rejuvenate its core brand, and develop new electric and self-driving cars.
VW says it will create 9,000 jobs as part of investments in new products.
The cuts should bring annual savings of 3.7bn (3.2bn; $3.92bn) by 2020. VW and unions have been hammering out a plan to revive its fortunes since June.
This post was published at BBC
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