VW feels pinch of shrinking market
Volkswagen AG is reportedly set to offer voluntary termination agreements to workers at its Russian factory in Kaluga. |||
Frankfurt – Volkswagen AG is set to reduce production and offer voluntary termination agreements to workers at its Russian factory in Kaluga as demand shrinks, according to people with direct knowledge of the plan.VW also won’t extend contracts for about 150 temporary workers, said the people, who asked not to be identified before an official announcement.VW has already sent more than 100 workers from Russia to Germany for training programs and will transfer some employees from Kaluga …read more
Source: Independent Online
