German carmakers face next round of cutbacks
MUNICH: Around March last year, Volkswagen AG (VW) had settled on a hard-won plan to cut 50,000 jobs to revive profits and shore up its troubled German operations.
Just over a year and a series of setbacks later, workers at Europe’s biggest automaker face the prospect of that number potentially doubling to 100,000.
……Read full article on The Star Online - Business
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