Volkswagen board backs overhaul calling for 50,000 additional job cuts
Volkswagen AG’s supervisory board approved a sweeping overhaul calling for 50,000 additional job cuts, far fewer models, and a smaller industrial footprint.
New Delhi, Sept.
4 -- Volkswagen AG's supervisory board backed a sweeping overhaul that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to remake Europe's biggest carmaker.The plan detail…