Volkswagen employees born in 1965 should be able to apply for partial retirement. It reported the “Wolfsburger Allgemeine” (WAZ)., According to this, only those born till 1964 could take early retirement.

The company and the Works Council had agreed that “the year 1965 should be opened for partial retirement as of the first quarter of 2022,” WAZ quoted from the Works Council circle. According to the report, the background is a “fixed cost program” with which to save costs by 2023 – by cutting jobs through partial retirement, among other things.

VW Works Council boss Daniela Cavallo announced during the planning round last Thursday that “long-term associates may well be going into retirement”, WAZ reported. Also new jobs will be created.

VW Supervisory Board meeting last Thursday, In their traditional autumn round, supervisory boards deal primarily with management’s proposals for where and how expenditures should be distributed over the next five years.

Recently, Volkswagen Group has come under pressure in terms of sales, mainly due to a lack of chips. In November, the largest European carmaker’s global deliveries fell 31.5 percent to 616,300 vehicles compared to the same month last year, the Dax company announced in Wolfsburg on Friday. This means that for the year as well, it is now down by 1.7 percent to 8.17 million vehicles.