He stated this in an internal message to employees, thus officially confirming for the first time that the company intends to reduce up to 100,000 jobs, reports Reuters.
Read more “Summer Moods” audience listened breathlessly: the rain sanctified the violin virtuoso’s recital
Currently, the group’s management is seeking to streamline operations in response to sharply reduced profits due to billions of euros in tariff costs, fierce competition in China, and pressure on the German manufacturing network to become more efficient.
