Volkswagen admits cutting 50,000 jobs worldwide
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Summary
Volkswagen admits cutting 50,000 jobs worldwide. The company had previously refused to comment on the news indicating that it was considering up to 100,000 job cuts . " A theoretical estimate, with no change in labor costs, would point to an adjustment of about 50,000 jobs worldwide," the CEO added.
Furthermore, The group, which employs around 660,000 people worldwide, announced on Thursday that it will reduce production capacity to nine million vehicles per year, to adapt to the global market situation and to increased competition.
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Volkswagen admits cutting 50,000 jobs worldwide.
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The company had previously refused to comment on the news indicating that it was considering up to 100,000 job cuts .
according to ECOAfter having advanced that it will reduce production by 25% , Volkswagen may cut another 50,000 jobs in an attempt to gain competitiveness against rivals in the automotive sector, admits the CEO of the German manufacturer in an internal communication, published by the international press.
according to ECO" A theoretical estimate, with no change in labor costs, would point to an adjustment of about 50,000 jobs worldwide," the CEO added.
according to Notícias ao Minuto — Última HoraThe group, which employs around 660,000 people worldwide, announced on Thursday that it will reduce production capacity to nine million vehicles per year, to adapt to the global market situation and to increased competition.
according to Notícias ao Minuto — Última Hora
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