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VW to Ramp up Restructuring Programme After Profit Warning
The plan follows a profit warning as German auto workers protest and management says higher costs, Asian competition and weak China demand are squeezing margins.
Summary by Devdiscourse
8 Articles
8 Articles
VW Warns Of Profit Hit, But New Product Counterattack Is Looming
·Jersey City, United States
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Volkswagen will intensify the restructuring programme, announced on Monday the director general of the brand, Thomas Schaefer, in the context of protests triggered by workers in the German car industry. The company intends to abolish 50,000 jobs.
·Romania
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The Volkswagen Group is stepping up restructuring measures, assuming that it "has no time to waste" in the face of the current situation. The plan can cost up to 100,000 jobs in the coming years.
·Portugal
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Total News Sources8
Leaning Left0Leaning Right1Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
C 80%
R 20%
Factuality
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