Volkswagen CEO Oliver Blume tells staff cost-cutting journey 'is not over'
- Posted on August 26, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
Generating AI summary…
Volkswagen CEO Oliver Blume tells staff cost-cutting journey 'is not over'
Volkswagen CEO Oliver Blume addressed staff regarding ongoing cost-cutting measures. He acknowledged their efforts but stated more work remains to be done. Blume highlighted that labor costs are double comparable European locations. Factory expenses also remain significantly higher than other plants. The company continues to strive for greater efficiency and competitiveness.
