Volkswagen plans to cut up to 15% of its workforce
Volkswagen, Germany's leading carmaker, is preparing to lay off up to 15% of its workforce in a major restructuring move. The cuts are the latest sign of the deteriorating condition of the European automotive industry, with Germany losing its historically dominant position. The sector is struggling with rising competition and the costs of the energy transition.
Comments
No comments yet — be the first to weigh in 👇
No comments yet. Be the first!