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Volkswagen rescue plan 'short on specifics' after tense stakeholder talks
Volkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operations and investment. Analysts noted a lack of agreement on job cuts and plant closures. Volkswagen faces high costs and rising competition from China. The German auto giant is under pressure to restructure its business model.
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businessday.co.za
Volkswagen’s Blume faces union pressure over job cut plans
Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker’s supervisory board to accept painful job cuts and factory…
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dailysabah.com
Volkswagen weighs deeper cuts as board reviews overhaul
Volkswagen Group’s comprehensive cost-cutting package to combat Chinese manufacturers’ expansion is pending approval from its Supervisory Board as the...
