Tag: mass job
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Volkswagen profit plunges as carmaker weighs mass job cuts
FRANKFURT: Volkswagen said Friday (Jul 24) that its net profit plunged in the second quarter as the crisis-hit carmaker, weighing up to 100,000 job cuts worldwide, grapples with increasing competition in and from China.Net profit for the three months to the end of June came in at 1.54 billion euros (US$1.75 b
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