Section

Volkswagen goes head-to-head with workforce over proposed company cuts

By Economic Times - 3 months ago
Volkswagen management will address a tense workforce at its Wolfsburg headquarters, proposing significant cuts, including factory closures in Germany, to achieve a 6.5% profit margin by 2026. The automaker is considering ending a decades-old job guarantee as part of a 10 billion euro cost-cutting drive.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.