VW brand to cut up to 7,000 jobs for 5.9 billion euro annual savings goal
March 13, 2019 at 03:07 AM EDT
Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW's operating margin to 6 percent.