Volkswagen to Cut a Quarter of Management Positions as Part of Cost-Cutting Measures
5 Articles
5 Articles
In the light of the current savings pressures at Volkswagen, significant cuts are also expected in the management of the car manufacturer. (ANSA)
Volkswagen plans to abolish a quarter of its management positions as part of a vast savings plan designed to reduce its costs and accelerate its transformation in the face of the electric transition and Chinese competition. ...
Volkswagen is cutting costs and plans to eliminate a quarter of management positions. The layoffs are expected to hit administration, development, headquarters and sales the hardest.
The Volkswagen Group plans to eliminate a quarter of its management positions as part of cost-cutting measures, the group's CEO Oliver Blume announced on Wednesday at a meeting with employees at the Emden plant. The DPA agency reports. "All areas must contribute their share, it is a huge effort that will...
Volkswagen plans to cut costs by 25 percent at the executive and management levels. This was confirmed by CEO Oliver Blume during a works meeting at the Emden plant, whose future is under threat.
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