Volkswagen cuts headcount by 7,000, reduces factory costs at key VW brand

(Reuters) – Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand, its CFO said on Wednesday on a call following its first-quarter results.

“Rest assured that we continue to drive implementation of the agreed measures with full force,” CFO Arno Antlitz said.

(Reporting by Victoria Waldersee, editing by Thomas Seythal)

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