Volkswagen Trims Workforce to Decrease Personnel and Labor Expenses
๐ Global Performance Program: Volkswagen is implementing a global performance program aimed at improving vehicle releases and reducing costs. ๐ผ Staff Reduction: Volkswagen will reduce staff starting January 2024 as part of the program, with a focus on administrative roles. ๐ธ Cost-Cutting Measures: The German automaker plans to cut administrative staff costs by 20% to…