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Tag Archives: 000 jobs at VW brand by 2020

Volkswagen to cut 30,000 jobs at VW brand by 2020

    WOLFSBURG, Germany: Volkswagen and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise which leaves the carmaker’s profitability still lagging rivals. The turnaround plan announced on Friday will lead to 3.7 billion euros (US$3.9 billion) in annual efficiency gains and lift ...

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