Volkswagen's German Jobs Deal
This is a Germany news story, published by Yahoo Finance, that relates primarily to Oliver Blume news.
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German economyAFP.com
•Volkswagen boss hails cost-cutting deal but shares fall
73% Informative
CEO Oliver Blume welcomed deal to slash jobs and reduce production capacity in Germany without the need to close factories.
Europe 's biggest carmaker announced Friday an agreement that will see 35,000 jobs cut in Germany by 2030 .
But investors did not seem impressed with the deal, sending Volkswagen 's shares down more than three percent in afternoon trade.
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