Huge car firm to 'axe 6,000 jobs' in cost-saving drive amid 'costly push of EVs'

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As part of its expansion, Skoda announced a 15% reduction in its staff. At the same time, the brand plans to launch an entirely electric version of its Octavia model, while continuing its development in the markets of India and Vietnam. With a sales target of 1 million vehicles in 2025, the brand focuses on the diversification and competitiveness of its electric models, despite the lower margins on these vehicles. Between downsizing and strength…

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Škoda Auto has to save money, just like other brands in the Volkswagen Group. However, it is not planning such drastic steps as the main brand "VW passenger cars" or Audi in the premium segment. This is the main message from an interview given to the trade magazine Automobilwoche by Klaus Zellmer, head of...

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The information was confirmed by the brand's boss Klaus Zelmer himself. He also revealed some interesting facts about electric vehicles. Skoda's success is based on a wide range of models and relatively low fixed costs, Zelmer said at a conference on February 26. To maintain this situation, the manufacturer, which currently employs around 41,000 people, plans to reduce its workforce by around 20 percent. In an interview with Automobilwoche, Zelm…