Europe's largest carmaker, Volkswagen, is planning to slash 30,000 jobs at its core VW brand globally to prepare the Wolfsburg-based company for a better future after its massive emissions-cheating scandal.

Executives announced on Friday there would be no compulsory redundancies until the end of 2025, but jobs that would break away as the carmaker focused more on e-mobility and less on combustion-engine technology would not be replaced.

German sites would be especially affected by the cuts, with roughly 23,000 positions to go in Europe's powerhouse. The company added, though, that 9,000 new jobs would be created in future-oriented business divisions.

VW said the job cuts were part of a deal between the works council and management linking a leaner workforce with pledges to invest in future technology.

All in all, Volkswagen is hoping to save up to 3.7 billion euros ($3.9 billion) annually as a result of large-scale restructuring.

(DW)