VW plans to cut up to 100,000 jobs and shut plants, report says
Volkswagen reportedly plans to cut 100,000 jobs.
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Summary
Volkswagen reportedly plans to cut 100,000 jobs. The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions. The 100,000 figure may be an opening position as much as a target.
Furthermore, The restructuring plan will be presented to the supervisory board next month and is expected to face intense resistance from labor unions and Lower Saxony lawmakers, who hold significant influence over the company's governance. Volkswagen is to become a new company," Manager Magazin wrote in the report.
Cross-referenced from 8 sources.
Factual coreconfirmed by several independent voices
Volkswagen reportedly plans to cut 100,000 jobs.
reliability high4/8 sources
Reported detailssecondary facts, each attributed to its source
The company has refused to comment on reports of a management presentation at a board meeting outlining dramatic cost cutting, but if it goes ahead it would mean Volkswagen doubling previously announced staff reductions.
according to The Next Web +4The 100,000 figure may be an opening position as much as a target.
according to The Next WebThe restructuring plan will be presented to the supervisory board next month and is expected to face intense resistance from labor unions and Lower Saxony lawmakers, who hold significant influence over the company's governance.
according to ZeroHedgeVolkswagen is to become a new company," Manager Magazin wrote in the report.
according to ZeroHedge
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No blind spot detected: every side covers the same facts.
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