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Volkswagen Could Lose 30K Jobs if EV Switch Comes Too Slowly

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Oct. 14, 2021—A Volkswagen executive told a supervisory board the German automaker could lose up to 30,000 jobs if it transitions too slowly to electric vehicles.

CEO Herbert Diess says competition from EV-focused automakers such as Tesla has forced the company to "speed up its transformation" according to a report from Reuters.

A company spokesperson said VW has a heightened sense of urgency "but denied that specific calculations had been made on how many jobs could be lost in the process."

"There is no question that we have to address the competitiveness of our plant in Wolfsburg in view of new market entrants," Volkswagen spokesperson Michael Manske said. "A debate is now underway and there are already many good ideas. There are no concrete scenarios."

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