Volkswagen board approves cutting 50,000 more jobs and ending production at 4 plants
Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would cut 50,000 jobs, slim the company's model line by half and end auto production at four German plants.
TL;DR
- Volkswagen's board approved a cost-cutting plan.
- The plan involves cutting 50,000 jobs.
- The company will reduce its model line by half.
- Auto production will end at four German plants.