Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would cut 50,000 jobs, slim the company's model line by half and end auto production at four German plants.
Volkswagen’s board of directors has approved a significant cost-cutting initiative. This plan includes the reduction of 50,000 jobs within the company. Additionally, the company will halve its current model line and cease auto production at four of its German plants.
- Volkswagen’s board approved a cost-cutting plan.
- The plan involves cutting 50,000 jobs.
- The company will reduce its model line by half.
- Auto production will end at four German plants.
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