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VW will cut 30,000 jobs to revive core brand

AC
By:
Andreas Cremer and Jan Schwartz
November 18, 2016 05:00 AM

WOLFSBURG -- Volkswagen Group and its powerful labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for avoiding forced redundancies in Germany until 2025, a compromise that leaves the carmaker's profitability still lagging rivals.

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