Volkswagen to cut administrative staff by one fifth
CEO Thomas Schäfer at the works meeting where he announced the Performance Program: ” We are getting an enormous concerted effort off the ground to build new strength for the Volkswagen brand.”
Before Christmas, Volkswagen wants to be in the clear about its restructuring plans, seeking savings of 10 billion euros. The company aims to cut one-fifth of its administrative staff, save 20% on payroll, and has abandoned plans for a new R&D site. The cost-cutting measures apply exclusively to
Comments
Ready to join the conversation?
You must be an active subscriber to leave a comment.
Subscribe Today