June 05 - 09:06
Volkswagen commits €4 billion to digitalisation programme
Volkswagen is to spend €4 billion on new digitalisation initiatives. The money will be invested by 2023 in improving its administration and production processes. It admitted that 4,000 jobs in non-production units will be lost but that 2,000 new digital roles will be created. "We are making all areas of our organisation faster, leaner and more competitive," said COO Ralf Brandstätter.
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