VWAGY - Volkswagen Mulls Over Reducing 2000 Jobs At Software Arm: Report | Benzinga
German automaker Volkswagen AG (OTC: VWAGY) is reportedly planning a significant workforce reduction at its software division, Cariad, as a part of a broader restructuring strategy.
The company's board has approved the strategy in a recent meeting, aiming to initiate the reductions from 2024, according to a report from Reuters, which cited manager magazin.
The CEO of Cariad, Peter Bosch, has spearheaded a wide-ranging overhaul for reorienting Cariad's direction since mid-year, the report cited a spokesperson from Volkswagen ...