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VW apparently plans further job cuts

Volkswagen seems to want to swipe thousands more. Works Council chief Osterloh attacked the Management, sharp and the group accuses management of severe errors.

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VW apparently plans further job cuts

Volkswagen seems to want to swipe thousands more. Works Council chief Osterloh attacked the Management, sharp and the group accuses management of severe errors.

Volkswagen is planning a newspaper report that a new multibillion-dollar savings programme, with the additional loss of around 5000 jobs. The Board of management, VW-in-chief Herbert Diess wool save from 2023 to additional efficiency measures 5.9 billion euros a year, reported the "Handelsblatt", citing information from the group. The reason is the changeover to electric cars, for which the company need more money.

Maybe it'll even be necessary to remove 7000. The company did not comment on the report and referred to the annual press conference of the brand on Wednesday.

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