Germany: Volkswagen creates new structures to accelerate job cuts

With at least 20,000 early departures already confirmed, Volkswagen's plan to reduce its German workforce appears to be on schedule. However, the extensive restructuring at Europe's leading car manufacturer, which is expected to generate annual savings of €1.5 billion, is far from complete, and the automotive giant has developed an internal mobility and external redeployment scheme comprising a 'transformation office' and a 'prospects workshop'.