With more fully automated production lines like this one at its headquarters in Wolfsburg, Germany, Volkswagen will have less need for workers. The automaker said Wednesday it foresees up to 7,000 jobs would be lost to automation by 2023

German automaker Volkswagen said it would eliminate up to 7,000 jobs by 2023 as it seeks to accelerate its transition to electric vehicles, although the cuts should be achieved via retirement offers.

“Volkswagen will be boosting the pace of its transformation… taking important steps this year to strengthen competitiveness on a sustained basis,” the flagship of the mammoth VW group said in a statement.

It estimates that the automation of routine tasks will result in the loss of between 5,000 and 7,000 jobs

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