Page 9 - Thomas Schaefer News Today

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement.

VW S.Africa: The companys VW passenger car brand is in the midst of defining the key measures of a global scheme to boost its flagging margin - the first of a series of savings drives aimed at improving group profitability and staying competitive in the transition to electric cars.

A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was very worried about the future of the companys operations in South Africa, which is fighting persistent...

A senior Volkswagen executive involved in a global cost-cutting strategy said on Friday he was "very worried" about the future of the company's operations in South Africa, which is fighting persistent power cuts and logistics snarls. The company's VW passenger car brand is in the midst of defining the key measures of a global scheme to boost its flagging margin - the first of a series of savings drives aimed at improving group profitability and staying competitive in the tra...

BERLIN -Volkswagen could cut administrative personnel jobs as part of savings and cost-cutting measures amounting to 10 billion euros by 2026, the Handelsblatt daily reported on Monday, citing an... -November 13, 2023 at 01:21 am EST - MarketScreener

Volkswagen did not comment on the article, but said in an emailed statement on Monday the company would take advantage of a "demographic curve" in its plans, referring to the impending retirement of the baby boomer generation that outnumbers succeeding generations.

BERLIN, Nov 13 — Volkswagen plans to cut administrative personnel costs by a fifth as part of a cost-cutting package to save €10 billion (US$10.8 billion) by 2026, the...

In this guide we take a look at 44 major car firms and what they have said about their electrification own plans, including when they intend to stop selling motors with petrol and diesel engines.

Volkswagen is running behind schedule in defining key measures of a planned €10bn cost-cutting drive for its namesake brand, two people familiar with the matter said, as talks with powerful labour leaders drag on.