[dZired]

Volkswagen has officially announced its intentions of cutting 30,000 jobs worldwide by the year 2020. The most affected region will be the automaker's home country - Germany, which will alone be losing around 23,000 jobs. This decision is a part of the automaker's plans to minimize expenses in order to cope with the financial setback borne due to the infamous dieselgate emission scandal. Through the said cuts, Volkswagen is aiming to achieve savings of $3.92 billion by the year 2020.

The company claims that there won't be any lay-offs. A large portion of the job cuts will be fulfilled by early retirement. Moreover, the automaker is creating 9,000 new jobs by investing in new technologies. As a result, some of the employees from VW will be moved to fill these roles.

The dieselgate scandal broke out last year, when the company was found guilty of using defeat devices to bypass emission tests. Around 11 million cars are said to be affected. Volkswagen has been asked to recall all affected models in major markets to fix the emissions so that its cars are truly compliant with the country-specific emission norms. Volkswagen recently agreed upon a settlement in the United States, which has set the company back by $14.7 billion.

In order to cope with this huge financial setback, the automaker has been on a cost-cutting spree in the past few months. In line with these efforts, Volkswagen has pulled out of the WRC championship, while Audi has ended its run in the World Endurance Championship.

Source: BBC

[volkman10]

VW's Skoda would cut 3,000 jobs if 'Euro 7' implemented in current form.

The proposed Euro 7 law, which EU countries and lawmakers will start negotiating this year, would tighten limits on the emission by cars of health-harming pollutants, including nitrogen oxides.

If (Euro 7) is approved in this shape, it would mean for Skoda Auto to close one plant, because we would stop producing the smaller models - Fabia, Scala, Kamiq - that means 3,000 jobs (would be) hit at least,

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[ds.raikkonen]

Originally Posted by volkman10

VW's Skoda would cut 3,000 jobs if 'Euro 7' implemented in current form.

First Ford and now VW, all major OEMs will have to reconsider being in the entry level segment with Euro7 looming on the horizon ominously (at least with ICE vehicles). And these are the ones who had a major share in this segment in respective markets!

[WorkingGuru]

Maybe 2 wheelers in India will be mandated to become "greener" (less dependent on fossil fuels) thru electrification since they're not as big revenue generators as cars, and in the coming years(/decades even!), they may only be mandated to become "safer" (for both passengers as well as pedestrians), at most they may be mandated to be equipped with Auto-emergency-braking, but our Govt is too dependent on tax revenues of cars, so implementing emission norms stricter than Euro 6/BS 6.2 will just not happen.