Volkswagen-backed plan to cut jobs by additional 50,000 in Germany
Volkswagen’s supervisory board unanimously backed a plan to reduce payroll in Germany by an additional 50,000 positions. Shares rose in Frankfurt on Friday.
By Nora RedmondSupervisory board unanimously backs plan to reduce payroll by a further 50,000 positions in GermanyShares of Volkswagen rose in Frankfurt on Friday.The supervisory board of German car giant Volkswagen has backed a plan to slash an additional 50,000 jobs.The 89-year-old company had sa…