Volkswagen power players seek deal on historic job cuts
A tense meeting at Volkswagen’s Wolfsburg headquarters brought CEO Oliver Blume and other senior power players together as the automaker moved toward a potential deal over historic job cuts.
By Christina Amann and Christoph Steitz In a tense meeting on Wednesday afternoon at Volkswagen's XETR:VOW headquarters in Wolfsburg, three of the company's biggest power players tried to strike an unlikely deal as the embattled carmaker moved closer to a full-blown crisis. CEO Oliver Blume, whose aim was to reach an accord with the works council and the state of Lower Saxony, joined the talks with the group's labor leaders as negotiations over historic job cuts intensified.