VW sees electric car shift costing thousands of jobs: report

Volkswagen's personnel chief has been quoted as telling a German newspaper that the transition to electric cars will ultimately cost a "five-digit number" of jobs at the company.

Karlheinz Blessing told the daily Frankfurter Allgemeine Zeitung that electric cars contain fewer components than cars with combustion engines "so in the long term we need fewer employees for production."

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Blessing stressed that there will be no layoffs but said the workforce will be reduced. The newspaper quoted him Friday as saying: "It is not about cutting a few hundred jobs ... Viewed over the years, it will be about a five-digit number worldwide."

VW plans to ramp up its offerings of electric vehicles in the wake of a scandal over diesel cars rigged to cheat on emissions tests.

Reuters reported that VW's works council expects up to 25,000 jobs will cut over the next 10 years as older workers retire.

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