“Volkswagen announces job cuts”
VW management have announced plans to reduce the number of employees, according to media reports. "We are facing a tough fitness programme," VW human resources chief Karlheinz Blessing said at a staff meeting, according to a Reuters report. "That also includes a reduction in personnel, for instance via early retirement," he added, without giving details. VW brand CEO Herbert Diess said his company’s strategic goal “is no less than market leadership in e-mobility,” reports Frankfurter Allgemeine Zeitung. The company also said it wanted to announce details of its “Strategy 2025” plan in November.
Read the Reuters report in English here.
Read the report in Frankfurter Allgemeine Zeitung in German here.