Oliver Blume

VW CEO warns of 50,000 more job cuts worldwide

Volkswagen CEO Oliver Blume told employees in an internal memo that up to 50,000 additional jobs may need to be eliminated worldwide to bring the automaker's cost structure in line with competitors, Reuters reported on Monday. The figure represents a…

VW CEO Blume faces pivotal board vote on 100,000 job cuts

Volkswagen CEO Oliver Blume is heading into what analysts describe as the biggest test of his leadership: a supervisory board meeting on Thursday, July 9, where he will seek approval for a restructuring plan that could eliminate up to 100,000…