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VW CEO Outlines Up to 50,000 More Job Cuts to Hit Savings Goals

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13 July

VW CEO confirms up to 50,000 new job cuts, aiming for a total of 100,000 global reductions.

Volkswagen AG Chief Executive Officer Oliver Blume outlined a plan to eliminate as many as 50,000 more jobs globally as he attempts a far-reaching overhaul to reduce costs at Europe’s biggest carmaker.

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Story timeline

13 July

VW CEO confirms up to 50,000 new job cuts, aiming for a total of 100,000 global reductions.