More than 10,000 jobs to be cut at VW in next years, says Manager Magazin
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Volkswagen plans to cut over 10,000 jobs in the coming years as part of an agreement with unions, according to Manager Magazin.
December 20, 2024 | 3:00 pm
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Volkswagen is planning to cut more than 10,000 jobs in the next few years as part of a union agreement, which could lead to cost savings and impact its stock price.
The job cuts are part of a strategic agreement with unions, likely aimed at reducing costs and improving efficiency. This could positively impact VWAGY's stock price in the short term as investors may view the cost-cutting measures favorably.
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