Volkswagen to cut 35,000 jobs by 2030 after intensive labor talks

BERLIN, Dec. 20 (Xinhua) -- German automotive giant Volkswagen and employee representatives concluded their five-day intense talks over the company's far-reaching cost-cutting plans on Friday, and agreed on involuntary layoffs or plant closures.

More than 35,000 jobs at the German sites will be cut in a "socially responsible manner by the end of 2030, Volkswagen said on Friday evening. The remaining employees ar