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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap VW to create 40,000 jobs by 2018: report AFP - 2 hours 38 minutes ago Send IM Story Print VW to create 40,000 jobs by 2018: report BERLIN (AFP) - – Germany's Volkswagen, Europe's biggest automaker, plans to boost its workforce from 250,000 to 290,000 by 2018, with most of the new jobs to be created in China, the German auto weekly Woche reported Sunday. Citing internal and confidential documents, the weekly said that "the number of VW employees will rise from 250,000 to 290,000 by 2018," including 35,000 new posts in China. Most of the new jobs -- 21,000 posts -- will be created in the production sector, including 400 for managers and 5,000 for engineers. Some 4,700 new jobs will open up in the commercial and customer service divisions . The new posts will come on top of those to be created to replace the 60,000 VW employees due to retire by 2018, Woche said. Last month, a report said VW was considering launching a new car brand specifically designed for the booming Chinese market. "The Chinese government has been promoting Chinese brands for some time now. In this context, joint ventures with foreign companies -- such as FAW Volkswagen or SAIC Volkswagen for us -- are encouraged to make a local marque," an official with unit Volkswagen China said in a Handelsblatt report. VW is now in talks with its Chinese partners, looking at the market for models below 8,000 euros (11,000 dollars), the report said, adding that the company's supervisory board was expected to approve the project. VW sales in China jumped nearly 36 percent over a one-year period. Recommend Send IM Story Print News Search Top Stories Nancy recalls beloved 'Ronny' on Reagan centenary IMF, EU grant Romania five-billion-euro credit line Egyptian opposition rejects government reform offer VW to create 40,000 jobs by 2018: report Citi to call the tune on EMI future More Top Stories » ADVERTISEMENT Most Popular Most Viewed US golfer Woods finds old habits hard to shake Russia loses military satellite: reports US auto sales jump 17 percent in January Dow closes over 12,000 for first time since June 2008 Egypt's Mubarak to step down at September election More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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