Volkswagen board approves plan to cut 50K more jobs, close 4 German plants ...Middle East

Business Standard - Economy
Volkswagen board approves plan to cut 50K more jobs, close 4 German plants
Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would see 50,000 jobs cuts, slim its model line by half and end auto production at four German plants. On top of 50,000 job losses already previously agreed, the company would lose 100,000 positions. The plan put forward by CEO Oliver Blume to counter low-cost competition in China and headwinds from US tariffs overcame resistance from employee representatives and the regional government, which holds a stake in the company.

Hence then, the article about volkswagen board approves plan to cut 50k more jobs close 4 german plants was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Volkswagen board approves plan to cut 50K more jobs, close 4 German plants )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News