Volkswagen CEO warns shift to electric vehicles could cost 30,000 jobs -sources


FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe's largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues. Swen Pfoertner/Pool via REUTERS/File Photo

BERLIN (Reuters) -Volkswagen's CEO Herbert Diess told a supervisory board meeting in September that the company could lose 30,000 jobs if it transitioned too slowly to electric vehicles (EVs), two sources with knowledge of the matter told Reuters on Wednesday.

Competition from new entrants to Germany's market, like Tesla, has pushed the company to speed up its transformation, Diess is said to have told attendees.

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