Volkswagen aims to lay off up to 4,000 workers in Germany: Report

The car giant is changing strategy to become more of a technology company along the lines of Tesla.

Carmaker Volkswagen (VW) plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees in a move that could cost several hundred million euros, the Reuters news agency reported on Sunday citing company sources. Volkswagen said in a statement it has agreed on a plan with worker representatives to make partial retirement available to those born in 1964, while offering early retirement to those born from 1956 to 1960. Volkswagen said it expected up to 900 workers to opt for early retirement, while a number in the low thousands would choose partial retirement, without giving a precise figure.