Companies
Friday, 6/26, 11:30 AM
VW Reportedly Plans to Cut Up to 100,000 Jobs and Close Four German Plants
- Volkswagen CEO Oliver Blume has reportedly presented a restructuring plan that would eliminate as many as 100,000 jobs worldwide — roughly 15% of the group — and close four German plants, German and international media reported.
- It would be the deepest overhaul in VW's history; the plan has not been approved.