Mass job cuts loom at VW as profits fall steeply on China sales slump

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Volkswagen expects to sell 3% fewer vehicles this year — This indicates potential revenue loss and could affect its global market position.
Up to 100,000 jobs may be eliminated — Significant workforce reductions could impact employee morale and company culture. Fique de olho
Further cost-cutting measures might lead to more stringent hiring practices in the future.

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Mass job cuts loom at VW as profits fall steeply on China sales slump

Carmaker expects to sell 3% fewer vehicles this year as it pushes through a programme that could eliminate 100,000 rolesVolkswagen has reported a steep fall in profits and cut its revenue forecast amid a sales slump in China, as the German carmaker pushes through a brutal cost-cutting programme...

Volkswagen (VW)Automotive industry Business Manufacturing sector Germany Europe World news Job losses China

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