German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat
German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat
www.theguardian.com
German car industry warns of job collapse unless ‘bold decisions’ made to address Chinese threat
VW to propose 100,000 job losses to board and says car plants could be put under foreign ownership to save jobs
Volkswagen is trying to implement a comprehensive cost-cutting programme with up to 100,000 job losses, double the amount previously planned, by 2030 and the potential contraction or closure of several plants.