Volkswagen may cut up to 2,500 jobs per year

Volkswagen may cut up to 2,500 jobs per year over 10 years by moving workers into early retirement, Handelsblatt reported on Wednesday, citing Bernd Osterloh, chief of the carmaker's influential works council. 

Top management and labour leaders are locked in "tough" talks on future strategy and cost savings at the troubled VW brand, Osterloh said in an interview with the German business daily published on Wednesday. 

Labour leaders, who hold about half the seats on VW's supervisory board, are seeking to avert outright dismissals at Europe's largest automaker and instead back voluntary steps to reduce headcount via early retirements, Handelsblatt said.