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Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts
Volkswagen unveils four-year plan but lacks backing for overhaul with up to 100,000 job cuts
Volkswagen’s proposed restructuring plan failed to win backing from the labour bloc on the company’s supervisory board on Thursday, leaving uncertainty over additional job cuts and factory closures. The carmaker nevertheless laid out plans to reduce production capacity and simplify its model range.
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