Volkswagen is to slash thousands of jobs - cost cutting citing low productivity ...Middle East

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Volkswagen is to slash thousands of jobs - cost cutting citing low productivity
source : forex live ( Middle East ) () 29
Germany’s Volkswagen is to cut thousands of jobs.Via various reports, in brief:Volkswagen responding to high costs and low productivity VW is understood to be drawing up plans for thousands of job cutsOutgoings are to be cut by around €10bn over three yearsThe initial expectation was that cuts would be more weighted towards non-German jobs, but that is not expected to cut costs enough This article was written by Eamonn Sheridan at www.forexlive.com.

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