Volkswagen board members push for further cuts, Handelsblatt reports
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Volkswagen board members are advocating for additional cuts beyond those agreed with unions last year, as concerns rise about the effectiveness of these measures in revitalizing the company's core brand.
January 30, 2025 | 7:30 am
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Volkswagen's board is considering further cuts to address concerns that previous measures may not be sufficient to improve the core brand's performance.
The push for further cuts indicates ongoing challenges within Volkswagen, which could negatively impact investor sentiment and the stock price in the short term.
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