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Volkswagen announced that it would cut up to 20,000 jobs over the next 3 years from its western German workforce of 103,000, as well as demanding longer hours for no extra pay

Friday 10th February 2006

Volkswagen announced that it would cut up to 20,000 jobs over the next 3 years from its western German workforce of 103,000, as well as demanding longer hours for no extra pay. The company share price rose 15% on the announcement.

Nigel Freestone

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