VW brand chief ‘confident’ of solving cost-cutting row with labor

Volkswagen's top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers' demands. Volkswagen's (VW) powerful labor leaders earlier this month accused brand chief executive Herbert Diess of betraying workers and trying to use the diesel emissions scandal as a pretext for job cuts. Management and labor leaders have since pledged to jointly map out a strategy and agree “mandatory packages” to secure the plants in high-cost Germany, but details have yet to be worked out.

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VW brand chief ‘confident’ of solving cost-cutting row with labor