Volkswagen to reduce headcount at 'no longer competitive' VW brand
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German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement.
VW S.Africa: 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 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 company's 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 transition to electric cars. The German automaker has been in South Africa for nearly 80 years.