Job cuts set to be implemented at Volkswagen as profits drop
Hinted at in November, Volkswagen has indicated that will embarking on a workforce reduction in order to return to profitability.
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Hinted at in November, Volkswagen has indicated that will embarking on a workforce reduction in order to return to profitability.
No layoffs, claims VW as it says it will save 20 percent on administrative staffing costs via partial and early retirements
Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars."Over the coming years, we will need to reduce our workforce in a socially responsible way," the group's human resources chief Gunnar Kilian said.
By Christina Amann and Christoph Steitz BERLIN/FRANKFURT (Reuters) -Volkswagen plans to slash administrative staff costs at its namesake brand by a fifth, ...
Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a