under a huge savings plan after its dieselgate emissions

VW confirms 30,000 job cuts, saving 3.7 bn euros a year by 2020

Volkswagen is to cut 30,000 jobs worldwide

Volkswagen will cut 30,000 jobs worldwide under a huge savings plan after its dieselgate emissions cheating scandal, the German auto giant said Friday.

The plan, which includes 23,000 job cuts in Germany, will lead to annual savings of 3.7 billion euros ($3.9 billion) by 2020, said Herbert Diess, board chairman of Volkswagen Passenger Cars. 

Source: AFP