The planned cutbacks at German car manufacturer Volkswagen (VW) will have severe consequences for the eastern region of Saxony, automotive expert Werner Olle told dpa, after the company struck a deal with trade unions late on Friday.

More than 35,000 jobs will be cut across Germany as Volkswagen trims production capacity by 734,000 units. Production will end at Volkswagen’s Transparent Factory next year, while Golf production is moving to Mexico.

Crisis-hit auto giant Volkswagen said Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.

Crisis-hit auto giant Volkswagen said Friday it planned to cut 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan.

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Tens of thousands of Volkswagen workers walked out on Monday in the second round of strikes in an escalating conflict between unions and management over the German carmaker's drastic savings plans.

Rolling strikes hit nine of auto giant Volkswagen's plants across Germany for the second time this month, as the Volkswagen workforce protests painful proposed cuts at Europe's largest carmaker. Monday's strikes ratchet up the pressure on management on the same day that the fourth round of collective bargaining negotiations over pay cuts and threatened factory closures got under way on Monday in Wolfsburg,

VW and labor unions agreed on job cuts, capacity reductions, and production shifts to maintain German factories while tackling declining demand for electric vehicles.