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Volkswagen to Ramp up Restructuring 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 BizToc
4 Articles
4 Articles
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 Sources4
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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