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VOLKSWAGEN CEO TARGETS POWER SHIFT ALONGSIDE DEEP CUTS

  • NEWS Desk Global
  • 2 days ago
  • 1 min read

Volkswagen CEO Oliver Blume's plan to cut up to 100,000 jobs and close high-cost German factories is ​about more than cost savings: it could also mark an attempt to challenge a corporate structure that has long held ‌back change.

Europe's biggest automaker is weighing its largest-ever restructuring, including doubling planned job cuts and shutting four German factories, sources told Reuters, as it battles tariffs, rising costs and intensifying competition from Asia.

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