Volkswagen Group reported (last week) its deepest quarterly loss since Dieselgate: a €5.9bn Q3 operating loss. Management stressed the need to accelerate restructuring.
Reuters reported that Volkswagen’s restructuring programme envisages as many as 100,000 job reductions and potentially four German plant closures, while Wolfsburg itself remains €300m short of its cost-reduction target.
What’s not clear yet it what this means for its G&A cost base. Presumably and predictably, VW’s shared services centres in CEE can be part of the solution.