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.

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's CEO indicated potential for 50,000 more job cuts. This move aims to match competitor cost structures. The company already agreed to 50,000 reductions across its…

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.

Volkswagen's CEO told employees Monday a further 50,000 jobs could go at the struggling auto giant, according to an internal memo seen by AFP, confirming reports the group is…

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.

Volkswagen's CEO has told employees a further 50,000 jobs could go at the struggling auto giant, according to an internal memo seen by AFP, confirming reports the group is…

Reuters cites a Volkswagen Group internal memo in which CEO Oliver Blume told the staff to prepare for a 'theoretical reduction' of a further 50,000 jobs.