The pact for the future (Zukunftspakt) makes Volkswagen significantly more profitable and competitive. At the same time it initiates a fundamental reorientation of the value stream towards future fields such as e-mobility and digitalization. The pact is therefore a key building block in safeguarding the brand’s long-term future.
Productivity at the German plants is to improve by 25 percent by 2020. Operations that no longer have a future will be systematically abandoned and, in return, new competences will be built up, for example in electric drives, battery cells and software development. Furthermore, some 23,000 jobs in Germany are to be cut in a socially responsible way at the same time as up to 9,000 new jobs are to be created in future fields. Overall, the pact for the future will have a positive impact on earnings of €3.7 billion per year from 2020.