Volkswagen to cut additional 50,000 jobs in major restructure
Volkswagen says it will cut an additional 50,000 jobs as part of a major restructure. The latest move follows union negotiations with labour leaders backing the deal.
The move followed tense negotiations with unions representing the company’s more than 650,000 workers worldwide, with labour leaders ultimately backing the deal.Volkswagen had already agreed to reduce its workforce by about 50,000 by 2030, with deals reached with 37,000 employees so far.
The latest…