The strategy behind Volkswagen's massive 1,00,000 job reduction deal
According to a Reuters report, Volkswagen secured its landmark agreement to cut 1,00,000 jobs by leveraging a mix of pressure, negotiation, and the prospect of lengthy legal disputes. The company's leadership warned they would convene an Extraordinary General Meeting to circumvent the Supervisory Board and force the layoffs. As a concession, CEO Oliver Blume committed to delaying the proposal to split the passenger vehicle and component units into separate legal businesses.
by shortkt.com✓