Volkswagen CEO Oliver Blume encounters resistance from labour unions and the supervisory board, as proposals for job cuts and plant closures fail to gain approval in Wolfsburg.

Blume will bei Volkswagen offenbar 100 000 Stellen streichen und vier Werke schliessen. Am Donnerstag soll der Aufsichtsrat das Vorhaben diskutieren. Der Widerstand im Gremium…

Volkswagen faces nationwide protests in Germany as its supervisory board reviews plans to cut 100,000 jobs and shut down factories, sparking widespread employee unrest.

Board meeting opens battle over factory closures and sweeping workforce reductions

Volkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operations and investment. Analysts noted a…