Volkswagen is focusing on electric vehicles and autonomous driving and announced 30,000 layoffs within five years
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According to foreign media and other media reports, Germany's Volkswagen Group announced on Friday that it will massively restructure the Volkswagen passenger car brand, laying off up to 30,000 employees in the next five years before 2021. It is reported that this is a major decision made by Volkswagen after the emissions test cheating scandal was exposed, which means that Volkswagen Group will increase profits by laying off employees, and then fund the development of electric vehicles and autonomous driving technology. According to relevant information revealed on November 18, Volkswagen plans to achieve the goal of increasing the profit of its eponymous brand by 3.7 billion euros annually by 2020, and to increase the pre-tax sales profit margin from less than 2% in the most recent fiscal quarter to 4%. Volkswagen Group's layoff plan includes 23,000 layoffs in Germany. The plan is to increase the productivity of Volkswagen's German factories to 25% in the next few years through layoffs and other measures. In addition, according to a previous report by Handelsblatt, Volkswagen will lay off 30,000 employees by 2020, or save about 4 billion euros in costs. In addition to laying off 23,000 employees in Germany, Volkswagen will also lay off 10,000 employees in other countries, with the layoffs mainly concentrated in the Americas. Volkswagen's layoff plan also mentioned that in the next few years, the Volkswagen brand plans to invest approximately 3.5 billion euros in its German factories, focusing on the development of electric vehicles and digital mobility businesses, and such new businesses will create thousands of new jobs. As of press time, news shows that German union leaders have agreed to Volkswagen Group's layoff plan in exchange for Volkswagen's commitment to produce electric vehicles and batteries in Germany. The layoff plan will be achieved through natural attrition and early retirement. In addition, German factories will bear about 23,000 layoffs, but will also add about 9,000 new jobs. In September 2015, the U.S. Environmental Protection Agency (EPA) found that Volkswagen had cheated on emissions tests, which triggered a widespread crisis of trust, causing Volkswagen's stock to plummet and the former CEO Winterkorn to be forced to resign. The once well-respected "Made in Germany" suffered huge losses, and this incident shocked the entire automotive industry. Volkswagen is a giant in the automotive manufacturing industry, but its performance in the new car sales market has been poor in recent years. With the development of new economy and new technologies such as Industry 4.0, the traditional manufacturing industry is constantly impacted, and transformation is imminent. Volkswagen has also begun to realize that traditional automobile manufacturing cannot help it get rid of the current transformation dilemma. From this layoff plan, it can be seen that in the future, Volkswagen will focus on autonomous driving, new energy, new digital and other directions, hoping to lead the entire automotive industry. Volkswagen is also working hard to transform and explore new development directions. In mid-June 2016, the Volkswagen Group Management Board released the "TOGETHER – Strategy 2025" in Wolfsburg, Germany, which is known as the largest strategic plan in the history of the Volkswagen Group. It is understood that the main goal of this strategy is to transform Volkswagen from an automobile manufacturer to a travel service provider, to make cities into intelligent hubs, and to make drivers into service users. It mainly focuses on the three aspects of intelligent networking, electrification, and sharing of automobiles. Among them, the content about car sharing is to establish a cross-brand mobile travel solution business, with on-demand travel services as the entrance and car-hailing services as the core, to carry out services such as driverless taxis, car sharing and on-demand transportation. "Together for Progress - 2025 Strategy" will enable the Volkswagen Group to transform and upgrade from the secondary industry to the tertiary industry. The main goals of this plan are: 1. To launch more than 30 electric vehicles by 2025, with annual sales of two to three million vehicles; 2. To develop battery technology, digitalization and autonomous driving technology to become the new competitiveness of the group; 3. To rapidly expand the new mobile travel business and obtain billions of euros in revenue; 4. To reorganize the parts business department and gradually transform from a pure commercial vehicle manufacturer to a supplier of intelligent transportation tools; 5. To achieve an operating profit margin of 7% to 8% by 2025, and a capital return rate of more than 15% for the automotive business department. As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity. |
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