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Volkswagen board believe more cost-saving measures needed, Reuters says
The Fly

Volkswagen board believe more cost-saving measures needed, Reuters says

Volkswagen’s (VWAGY) board members are growing concerns that the cuts agreed with unions late last year will not be enough to turn around its core brand, Reuters reports, citing the Handelsblatt business daily. The expectation is further cost-saving measures will be needed beyond the agreed job cuts, the report said citing sources familiar with the matter, according to Reuters.

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