German firm reportedly considering doubling previously announced staff reductions amid Chinese competition
Germany’s Volkswagen is to cut up to 100,000 jobs and reduce and eventually stop production at some plants, according to reports.
The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions.
Continue reading...Originally reported by The Guardian. Read the full story at the original source.
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