Volkswagen CEO Faces Resistance as He Pushes for Cost Cuts
Volkswagen’s CEO Oliver Blume is facing resistance from his 20,000-strong workforce as he pushes for aggressive cost cuts in the face of strong competition from China and falling global sales. The carmaker aims to cut €10 billion in costs, including a 20% pay reduction and factory closures in Germany. Blume addressed workers at Volkswagen’s Wolfsburg … Read more