Volkswagen cuts headcount by 7,000, reduces factory costs at key VW brand

Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand, its CFO said on Wednesday on a call following its first-quarter results.

"Rest assured that we continue to drive implementation of the agreed measures with full force," CFO Arno Antlitz said.