VW deal with unions targets 50,000 job cuts and spending reductions
Volkswagen struck a deal with unions to slash 50,000 jobs and cut spending, with results described as better than expected, though key details on cost and timing remain unclear.
By Aimee DonnellanThe €40 bln carmaker struck a deal with its unions to slash 50,000 jobs and cut spending.
The outcome of the tense negotiations is better than expected.
But details like cost and timing are murky, and CEO Oliver Blume still needs EU lawmakers to fend off Chinese competition.Follow…