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VW could cut 25,000 jobs over 10 years

Retiring older workers will help carmaker achieve cost cuts needed to revive its brand
Friday, October 14, 2016 - 05:50

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Volkswagen is under pressure to make cuts at high-cost operations in Germany to fund a shift to electric vehicles.

Berlin

VOLKSWAGEN'S works council chief said that the company could cut up to 25,000 staff over the next decade as older workers retire to help the carmaker achieve cost-cuts needed to revive the VW brand.

The German group's top executives have been in talks with works council

sentifi.com

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