Agreement reached: Volkswagen AG positions itself competitively for the future

Volkswagen AG – with its brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Group Components – and employee representatives have concluded a joint agreement entitled 'Zukunft Volkswagen’ after intensive negotiations

Agreed target: the core brand, Volkswagen Passenger Cars as core brand is to become the technologically leading volume manufacturer globally by 2030

Volkswagen Passenger Cars brand’s medium-term return-on-sales target

Volkswagen's production capacities in its German plants to be aligned competitively and reduced on a lasting basis by 734,000 units

Agreement on socially responsible reduction of the workforce by more than 35,000 across Volkswagen's German locations by 2030. This includes a newly formulated job security plan through to 2030

The agreement will enable sustainable cost savings for Volkswagen AG of more than €15 billion per year in the medium term. Of this, over €4 billion per year will come from the present negotiations on labour costs, structural and production measures and plant utilisation

Labour cost effects alone amount to €1.5 billion per year