Volkswagen jumps after supervisory board approves restructuring with 50,000 cuts
Volkswagen AG shares rose 5.51% intraday after its supervisory board unanimously approved chief executive Oliver Blume’s restructuring plan. The company said up to 50,000 group-wide positions, including management roles, will be cut.
Volkswagen AG rose 5.51% intraday after its supervisory board unanimously approved chief executive Oliver Blume's restructuring plan, which the German carmaker described as the most extensive transformation program in its history.
Up to 50,000 group-wide positions will go, management roles included…