Volkswagen Plans Global Job Cuts, Up to 100,000 Positions
Volkswagen's CEO is reportedly planning a generational overhaul that includes cutting up to 100,000 jobs globally, as part of a broader restructuring effort within the company.
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Volkswagen drawing up plans to cut 100,000 jobs globally, reports say
Top bosses are considering restructuring and dramatically cutting down the size of the workforce, according to local media.
By Anna Wise
Read full article →Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul
Volkswagen CEO Plans 100,000 Job Cuts In Generational Overhaul German business news outlet Manager Magazin reports that Volkswagen CEO Oliver Blume is eyeing a major restructuring that could eliminate as many as 100,000 jobs. The latest VW earnings show just why: Europe's largest automaker remains bloated in a world of weak demand, a softening Chinese market, rising Chinese competition in Europe, and low margins. "Volkswagen CEO Oliver Blume is getting serious. He plans to dras...
By Tyler Durden
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