Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World

Volkswagen Is Planning To Shed Tens Of Thousands Of Jobs. Its CEO Says Cost Cutting 'Is Not Over'

Volkswagen CEO Oliver Blume told workers to increase saving efforts as the company sheds tens of thousands of jobs amid a grave crisis. (Credit: Jens Schlueter/AFP via Getty Images)

Volkswagen CEO Oliver Blume told workers to increase saving efforts as the company gears up to implement a plan that will shed tens of thousands of jobs over the years amid a grave crisis.

"This journey is ​not over. Because we not only measure ourselves ​against our own past performance. We measure ourselves ⁠against the best locations in Europe," Blume told workers, according to excerpts from a speech shared by the company and detailed by Reuters.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.