Carmaker Volkswagen announces more job cuts March 14, 2021 at 07:52PM

Volkswagen will shed up to 5,000 jobs between now and the end of 2023 as part of cost-cutting to finance its transition to electric vehicles, the company said in a statement Sunday. Up to 900 employees would opt for an early retirement scheme while others would leave the company as part of a gradual halting of their activities, it said.