https://www.news.com.au/technology/motoring/motoring-news/volkswagen-braces-for-union-showdown-over-sweeping-job-cuts/news-story/8b37ad1ea1c35e478aed64da6a5f373c UPDATED: Volkswagen will cut 100,000 jobs and slash production to help weather a “crisis” brought on by Chinese competition, the drive for electrification, and reduced demand for its vehicles. Its chief executive, Oliver Blume, is adamant that “this is a strong sign for the future of the Volkswagen Group” Over the coming years, we will invest a three-figure billion sum to make our iconic brands even more attractive, stronger and more competitive. Well, unlike the traditional Detroit automakers, Volkswagen appears to be taking the current crisis on the chin and attempting to restore its competitiveness through restructuring, cost reductions and new products, rather than relying primarily on government protection or lobbying for measures to shield it from foreign competition.
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