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Volkswagen Group Internal Memo Reportedly Calls For Doubling Layoffs
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.
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global.chinadaily.com.cn
Severe cutbacks ahead as VW's profits halved
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…
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economictimes.indiatimes.com
Volkswagen CEO threatens 50,000 more job cuts in memo to staff
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…
