Volkswagen is progressing well with job cuts, CEO Blume says | dpa international
Volkswagen is progressing well with job cuts, CEO Blume says | dpa international
dpa-international.com
Volkswagen is progressing well with job cuts, CEO Blume says | dpa international
More than 35,000 jobs are to be cut at Volkswagen's core brand, 7,500 at Audi and around 4,000 at Porsche. Other brands and subsidiaries also face cuts.
Germany's car industry is grappling with weak sales, growing competition from China and difficulties in the shift to electric mobility, as well as EU climate targets aimed at lowering emissions and US tariffs.