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07 Dec

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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