Volkswagen Changes Gears to Cut 30,000 Jobs

The video discusses Volkswagen's strategic changes, focusing on employment strategies, the impact of the diesel emissions scandal, and a shift from prioritizing size to profitability. Volkswagen plans to reduce its workforce through attrition and early retirements, not layoffs, over several years. The diesel scandal accelerated changes, but VW has long faced profitability challenges. The company aims to adapt to future automotive trends like self-driving cars and digital technology. VW is also shifting its strategy to focus on profitability and expanding into mobility services.

What is Volkswagen's approach to reducing its workforce by 5%?

• Hiring freeze

• Direct layoffs

• Attrition and early retirement

• Outsourcing jobs

Which regions are expected to face significant challenges due to Volkswagen's workforce reduction?

• United States and Canada

• Argentina and Brazil

• China and India

• France and Italy

What was a catalyst for Volkswagen's recent strategic changes?

• Electric vehicle competition

• Diesel emissions scandal

• Global economic downturn

• New leadership

What is Volkswagen's new strategic focus, moving away from just being the biggest?

• Achieving the highest profitability

• Becoming the most innovative

• Expanding into new markets

• Reducing environmental impact

What new division is Volkswagen planning to create as part of its strategic shift?

• Electric vehicle manufacturing

• Mobility services division

• Luxury car brand

• Renewable energy solutions