Volkswagen to reduce workforce as it chases profits techxplore.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techxplore.com Daily Mail and Mail on Sunday newspapers.
Volkswagen said Wednesday it would cut its workforce over the coming years as the German auto giant seeks to boost its profitability and reboot a faltering shift to electric cars. "Over the coming years, we will need to reduce our workforce in a socially responsible way," the group's human resources chief Gunnar Kilian said.
To ensure that their returns continue to rise, shareholders are now unequivocally demanding that the 800,000 or so workers employed by manufacturers and their suppliers must take a beating.
VW Is No Longer Competitive, CEO Says roadandtrack.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from roadandtrack.com Daily Mail and Mail on Sunday newspapers.
Volkswagen to reduce headcount at no longer competitive VW brand cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.