Quartz·1 min read·easy
Volkswagen's CEO is warning of 50,000 more job cuts, bringing the total to 100,000
✦AI Summary
Volkswagen CEO Oliver Blume has warned that the company may need to cut an additional 50,000 jobs to address a 20% cost disadvantage compared to competitors. This follows a standoff with labor representatives over the company's broader restructuring plans.
Oliver Blume cited a 20% cost disadvantage versus rivals as labor representatives blocked a restructuring plan at the supervisory board
businesseconomy
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