Crisis-hit VW eyeing plant closures, deep pay cuts: report
- Posted on October 28, 2024
- By Yahoo News
- 2 Views
Crisis-hit VW eyeing plant closures, deep pay cuts: report
Volkswagen is considering closing several plants in Germany and slashing salaries by 10 percent as the ailing auto giant pursues a drastic cost-cutting plan, a media report said Monday.VW is also eyeing a 10-percent pay cut for all remaining staff and no salary increases in 2025 and 2026, Handelsblatt said.
