Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

VW's plan calls for half as many models but didn't mention closures or job cuts.

Volkswagen will cut its model lineup by half and shrink capacity, but gave no word on the reported 100,000 job cuts and four German plant closures.

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.

Volkswagen plans to drastically cut its model lineup and further pare back capacity, as Europe's largest automaker considers a far-reaching overhaul that sources say could cost…

Volkswagen may need to eliminate about 50,000 additional jobs to match the competitiveness of its rivals, its CEO told employees in an internal memo,...

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad support

Volkswagen AG CEO Oliver Blume outlined a plan to eliminate as many as 50,000 more jobs as he attempts a cost reduction overhaul. Read here

Volkswagen's CEO has signaled the possibility of 50,000 more job cuts to address a 20% cost disadvantage and align with competitor efficiency levels.

Chief executive Oliver Blume outlined the plans in a memo to staff as he desperately bids to cut costs at Europe's largest car maker.