Currently reading: Report: Volkswagen Group plans 30,000 job cuts in Germany

German giant could close two plants and severely cut R&D as it pushes to improve its profitability

The Volkswagen Group plans to cut up to 30,000 jobs in Germany as it scrabbles to improve its profitability.

The job cuts, affecting around 10% of the firm's workforce in the nation, would hit its research and development division the hardest, according to German trade publication Manager Magazin.

Some 4000-6000 of its roughly 13,000 R&D staff would be made redundant, it reported.

The Volkswagen Group has also reneged on a union agreement guaranteeing job security at six German factories until 2020, as it considers shuttering two of them.

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