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Topic: volkswagen

Volkswagen's headquarters and plant in Wolfsburg, Germany (file image)
Business
Tuesday, 7/14, 06:36 AM

Volkswagen's Board Blocks a Plan to Cut Up to 100,000 Jobs

  • Volkswagen's supervisory board has rejected a sweeping restructuring plan, reported to involve up to 100,000 job cuts, after fierce resistance from the carmaker's powerful labor representatives.
  • The clash lays bare the pressure on Europe's largest automaker as it struggles with weak profits, costly electrification and intense Chinese competition.

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