VW Brand Chief 'Confident' of Solving Cost-Cutting Row With Labor
On Sunday, Volkswagen indicated that it would be ready to meet demands of its workers just after one of their top managers was accused of using the carbon emissions scandal as an excuse to cut workers. Since this accusation in early April, VW has been working with labor groups in an effort to create a strategy that benefits both groups. VW has planned to set aside approximately 16.2 billion euros to pay for the results of their emissions scandal, which will be a net loss of 1.4 billion euros.
See "VW Brand Chief 'Confident' of Solving Cost-Cutting Row With Labor", The New York Times, April 25, 2016