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VW chief confirms plan to cut 50,000 jobs as board rejects plant closures

World 1 source 1 country 🔦 Under-reported 1m ago

Oliver Blume tells staff restructuring proposal includes ‘controversial decisions’ but he has broad supportBusiness live – latest updatesThe chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany.Oliver Blume told staff on Monday that proposals for a sprawling restructuring was “the mo…

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Read the full story at the source The Guardian World · GB