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Report: VW, Unions Agree to Cut 30,000 Jobs in 5 Years

German carmaker Volkswagen and its labor unions have agreed to 30,000 job cuts by 2021 at its VW brand as part of a plan to boost profitability and fund a shift to electric and self-driving cars after its emissions scandal, a source told Reuters Friday. Europe’s largest automaker is trying to increase savings at its biggest unit in Germany, where its costs are high, while finding billions of euros to pay for the cleanup related to its diesel emissions cheating scandal. The agreement,...

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