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Volkswagen is exploring a series of cost-cutting measures for its core brand. This cost reduction by Volkswagen includes a 10% wage cut and a two-year wage freeze, as it seeks to save 4 billion euros. This news of Volkswagen plan was reported by Handelsblatt newspaper on Sunday, citing company insiders.
(Image Credit: volkswagen-newsroom)
Volkswagen is under increasing pressure do cost reduction and reduce expenses amid a challenging economic climate. Meanwhile, Volkswagen workers have criticized the carmaker management for not presenting a clear