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Topic: volkswagen

The Volkswagen plant in Wolfsburg, Germany
Companies
Tuesday, 7/14, 06:33 AM

Volkswagen Flags 50,000 More Job Cuts After Its Board Blocks Plant Closures

  • Volkswagen's chief executive has told staff the company may need to cut around 50,000 more jobs, on top of 50,000 already agreed, to close a roughly 20% cost gap with rivals.
  • The warning came after VW's board, where unions and the state of Lower Saxony hold sway, rejected a plan that would have shut four German factories.

In brief

volkswagen — news and stories on this topic

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