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.
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This article was originally published by The Guardian and written by Lisa O’Carroll.
Read original article on The Guardian