Volkswagen India offers early retirement to 2,300 workers
Volkswagen India is offering early retirement to 2,300 factory workers at its Maharashtra plants as part of a major restructuring push.
With both factories running below capacity and the company holding just a 2% market share after two decades in India, this move aims to cut costs and boost efficiency.
Workers who opt in get 75 days' pay for each year served or remaining, plus extra bonuses for signing up early.
What's driving the change?
This shake-up follows a $1.4 billion import tax dispute, all while Volkswagen faces tough competition from rivals.
The company is now focusing on local partnerships to stay relevant in India's fast-changing auto scene.
Did you know?
Volkswagen's Maharashtra plants don't just make Volkswagens—they also build Skoda Kushaq and Audi Q3/Q5 models for both Indian roads and exports to places like Mexico and South Africa.
That's some serious global reach from right here in India!