Transportation
VW Is Cutting Thousands of Jobs But Still Dwarfs Global Rivals
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Job cuts are coming thick and fast from Volkswagen AG. Just since December, it’s announced plans to reduce its German workforce by 35,000 over five years, to cull 1,900 positions at Porsche and 7,500 at Audi, and to shrink its software business by roughly a third.
But a closer look at how the company compares with some of its biggest competitors shows that even if the company follows through with all these moves, it will still employ far more people than its peers.