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VW Tells Workers Current Job Cuts are Not Enough

BERLIN, June 29 (Reuters) - Volkswagen management has told the ​car group's employee side ‌that currently agreed job cuts are insufficient, according ​to a note ​from the works council ⁠seen by Reuters on ​Monday.

Further job reductions ​have not yet been quantified, at least not to employee ​representatives, the note ​added.

Europe's largest car maker is ‌considering ⁠shutting four German factories and ramping up job cuts to as ​many ​as ⁠100,000, two people familiar with the ​matter said on Friday, ​in ⁠what could be the biggest-ever overhaul in ⁠the ​sector.

Reporting by ​Christina Amann, writing by Thomas Seythal; ​editing by Matthias Williams

Source: Reuters


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