Volkswagen CEO rules out more job cuts - paper

Newswire

FRANKFURT, March 28 (Reuters) - Volkswagen does not need to cut more jobs but has to boost efficiency by increasing output, the chief executive of Europe's biggest carmaker said in a newspaper interview published on Wednesday. Asked by the Bild paper if major investor Porsche's increasing influence over VW meant more jobs were in danger, Martin Winterkorn said: "No, under no circumstances. "What is clear is that we need much higher productivity. That to me does not mean cutting jobs, but ...

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