Volkswagen CEO Warns Staff Cost-Cutting Must Continue
Volkswagen CEO Oliver Blume told factory workers in Emden that ongoing cost reductions are necessary because labor expenses remain significantly higher than European competitors. The automaker continues evaluating restructuring plans for several domestic manufacturing sites.
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VOLKSWAGEN AG CEO Oliver Blume told staff in Germany during a Wednesday morning visit that the automaker's cost-cutting journey is ongoing. The warning targets labor and factory expenses that remain above regional rivals.
