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Job Cuts

Volkswagen to cut 30,000 jobs by 2020, suggests report

FRANKENTHAL: Volkswagen intends to cut 30,000 jobs by 2020 as part of a huge savings plan aimed at helping the German auto giant recover from the dieselgate emissions cheating scandal, a German newspaper reported on Friday. The plan, which has been agreed with labour representatives after months of tortuous negotiations, will lead to annual savings of 3.7 billion euros ($3.9 billion), according to the Handelsblatt business daily. Two-thirds of the job losses will be at VW plants in Germany, the others in North America…