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'Much better than feared outcome': Volkswagen shares jump 6% after revealing plan to reduce workforce by 50,000—and phasing out four factories | Fortune
The cost cutting measures are aimed at confronting challenges which include Chinese competition and US tariffs.
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abcnews.com
Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen’s board has approved a major cost-cutting plan to counter low-cost competition in China and U.S. tariffs
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businessinsider.com
Volkswagen plans 50,000 more job cuts amid biggest overhaul in its history
Volkswagen, the world's second-largest automaker, is trying to get more nimble. It's planning huge job cuts as Chinese automakers step up competition.
