Volkswagen is Germany's largest private employer, and it could cut over 15,000 jobs
Briefly

The rationale to re-size VW's namesake is not new but management's sense of urgency and determination to tackle excess capacity and spending patterns both are.
Volkswagen might not need the supervisory board's approval for factory closures, potentially leading to provisions of up to €4 billion in closure costs.
Read at Fortune Europe
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