Volkswagen restructuring to cost 16 billion euros
Summary
Volkswagen plans to spend 16 billion euros on restructuring, cut up to 100,000 jobs, and close four factories in Germany.
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Automotive giant Volkswagen is preparing for a major operational restructuring. The process is expected to cost the automaker approximately 16 billion euros.
As part of the optimization plan, the company is considering laying off up to 100,000 employees. In addition, the plans include closing four manufacturing plants located in Germany.
These significant measures are aimed at streamlining operations and adjusting production capacities amid shifting business requirements.
Source: Kapital.kz
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