Volkswagen shares rise after board backs 50,000 job cuts
Volkswagen (VOW) shares climbed about 3% on Friday after the automaker secured board backing for a broad cost-reduction program including another 50,000 job cuts and a smaller vehicle portfolio. Planned workforce reductions total roughly 100,000 across the group.
Volkswagen (VOW) shares climbed about 3% on Friday after the automaker secured board backing for a broad cost-reduction program that includes another 50,000 job cuts and a smaller vehicle portfolio.The measures would bring planned workforce reductions across the group to roughly 100,000.
Volkswagen…