Volkswagen's CEO Oliver Blume has announced the need for significant cutbacks in Germany due to a shrinking European market and rising competition from Asia. The company is considering closing factories and ending job guarantees at six plants as part of a 10 billion euro cost-cutting plan.
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.