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| 03-14-2021, 10:19 PM | #1 |
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Colonel
 
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Rep 2,304
Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019
Location: Einbahnstraße
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VW to cut up to 4,000 jobs via early retirement
Interesting that VW is announcing this now. Vehicle sales have been pretty strong in the US. Not sure about ROW. Last I heard, Chattanooga was producing at a brisk pace.
Possibly the German job market will start to feel impacts such as this, because of a delayed reaction to 2020's global "event". It could be a cultural difference between German and US companies. In the US it's comment to cut early, deep and repeatedly when the sniff of a crisis is on the winds. It seems German corporations take a more measured and thoughtful approach in times of difficulty. https://www.reuters.com/article/us-v...-idUSKBN2B60CY |
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