Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts

Death Of Europe's Industrial Base: VW CEO Set To Announce 50,000 Job Cuts Europe's industrial demise has become impossible to ignore. The continent's automotive manufacturing base is being hollowed out by high energy costs, regulatory pressure, and a flood of cheap Chinese electric vehicles, with Germany, once Europe's industrial powerhouse, emerging as the epicenter of this terrible decline. Germany's largest manufacturer by revenue is Volkswagen Group, whose CEO, Oliver Blume,...

By Tyler Durden