Volkswagen approves cutting 50,000 more jobs

The Manila Times 15 h Philippines

FRANKFURT, Germany — German car giant Volkswagen said on Thursday that management and unions had agreed to cut a total of 100,000 jobs by the end of the decade, the biggest-ever restructuring in the global auto industry. The company said it had approved a plan involving the reduction of around 50,000 jobs, on top of another 50,000 already agreed. “It is essential to systematically alig

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