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Volkswagen faces major backlash over plans to shut factories and cut 100,000 jobs
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Guardian World
VW plans to cut up to 10,000 jobs and shut plants, report says
German firm reportedly considering doubling previously announced staff reductions amid Chinese competition
Business live – latest updates
Germany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.
The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it…
26 Jun, 10:47
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GB News
Volkswagen faces major backlash over plans to shut factories and cut 100,000 jobs
Volkswagen, one of the most popular car companies in the world, is planning to cut its model lineup, reduce capacity and potentially slash 100,000 jobs in the largest restructuring in the history of the company.
The German automaker plans to make drastic changes to its operational output as it battles against hefty tariffs and competition from Chinese manufacturers.
Volkswagen has seen its profit margins halve betw…
10 Jul, 08:48