Volkswagen To Cut 30,000 Jobs, 5% Of Workforce
by Tyler Durden
ZeroHedge.com
Nov 18, 2016
Following a tumultuous year of declining sales as a result of its emissions-cheating scandal, today Volkswagen agreed to cut 30,000 job , roughly 5% of its global salesforce of 624,000. After months of intense talks, labor and management agreed on a package to balance cost-cutting with investment as the auto industry shifts away from traditional combustion engines and adapts to car-sharing services and self-driving technologies.
The Rest…HERE
