Times of IndiaLean R·
Volkswagen CEO's leaked memo confirms: Up to 100,000 jobs may go at Europe's biggest carmaker
Volkswagen CEO Oliver Blume has confirmed in an internal memo to employees that Europe's biggest car maker may cut up to 100,000 jobs, flagging 50,000 more layoffs on top of the 50,000 already agreed. Blume cited a 20% cost disadvantage against rivals and said VW cannot confirm competitive use cases for its Emden, Hanover, Zwickau and Neckarsulm plants. The memo follows worker protests across 18 German sites.
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