Volkswagen brand cost-cutting plan running behind schedule - sources
© Reuters. FILE PHOTO: A technician attaches a Volkswagen logo to a car, at the production line for electric car models of the Volkswagen Group, in Zwickau, Germany, April 26, 2022. REUTERS/Matthias Rietschel/File Photo) is running behind schedule in defining key measures of a planned 10 billion euro cost-cutting drive for its namesake brand, two people familiar with the matter said, as talks with powerful labour leaders drag on.
Volkswagen has said that cost-cutting plans would include focusing on fewer high-volume models as well as streamlining production of VW passenger cars, SEAT/CUPRA and Skoda. A Volkswagen brand spokesperson confirmed that talks began with workers in early October and that it would not comment further on the timeline or content of discussions.
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