Tuesday, November 07, 2006

VW considers job cuts

Volkswagen is reported to be planning to shed 2,400 jobs in its plants in Belgium, Portugal and Spain.

The carmaker is looking to significantly cut the capacity of plants in western Europe as well as to reduce production.

However, reports said there were no plans to close any plants. The supervisory board of the car maker will meet to discuss production planning over the next few years on 17 November.

DATED: 07.11.06

FEED: MT





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