Volkswagen job cuts on the way – company

German automaker Volkswagen announced on Friday that it will eliminate approximately 30,000 jobs by 2021, the Polish press reported. The job losses are coming due to a recent agreement during negotiations with the company’s unions. The unions agreed to the cuts in exchange for the promise of future job creation, which is expected to focus on the production of electric cars. The report also indicated that, in the future, electric car production could result in the creation of 9,000 new jobs, although the company did not specify exactly when that would occur. Volkswagen did not indicate whether or not the cuts would affect its factories in Poland, where the company employs almost 7,000 workers. However, it indicated that 23,000 jobs would be eliminated at its Wolfsburg plant. It added that most of the eliminations would occur in Germany.