TechAutomotive Newsabout 2 hours ago
VW plans 100,000 job cuts and four factory closures
7 min read
Volkswagen CEO Oliver Blume will ask the supervisory board in July to approve eliminating up to 100,000 jobs worldwide and closing four German factories. The cuts represent 15 percent of the workforce as collapsing China sales and the breakdown of the free-trade export model force a fundamental restructuring.
Level
Hype check
Tap to vote and see what everyone thinks.
