SQUAWK/NEWS
Account
Theme
Account
Menu
Live News EQUITY ARTICLE M impact

Volkswagen plans 12% workforce cut in India to reduce costs

Volkswagen Group’s India business plans to cut around 12% of its workforce to reduce costs ahead of its next investment cycle in the country.

VOW

New Delhi, Sept.

4 -- Volkswagen Group's India business plans to cut around 12% of its workforce as the company looks to reduce costs before entering its next investment cycle in the country.

The German automaker is the latest, after Ford, Nissan and Stellantis, among others, to cut costs as the se…