07
Dec
16:47
VW brand to cut staffing costs by 20%
Germany’s Volkswagen is planning to reduce staff costs in areas outside production by 20%, as it aims to increase its operating profit margin to 6.5% in 2026.
Through a performance programme, the brand is planning to improve its performance by €10 billion ($10.8 billion) by 2026, primarily through “process improvements and structural adjustments,” Volkswagen Group’s human resources chief Gunnar Kilian told staff in an internal memo see…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous