business
Volkswagen braces for boardroom showdown over historic cost-cutting plan
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- Volkswagen is bracing for a high-stakes boardroom showdown following reports that the embattled auto giant is weighing up shutting four German factories and implementing as many as 100,000 job cuts.
- The mass layoff plan, which would represent the most radical overhaul in the firm's nearly 90-year history, is staunchly opposed by German lawmakers and powerful labor unions.
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Volkswagen is bracing for a high-stakes boardroom showdown following reports that the embattled auto giant is weighing up shutting four German factories and implementing as many as 100,000 job cuts.
The mass layoff plan, which would represent the most radical overhaul in the firm's nearly 90-year history, is staunchly opposed by German lawmakers and powerful labor unions.
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