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The Economic Times

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Volkswagen CEO Oliver Blume tells staff cost-cutting journey 'is not over'

Volkswagen CEO Oliver Blume addressed staff regarding ongoing cost-cutting measures. He acknowledged their efforts but stated more work remains to be done. Blume highlighted that labor costs are double comparable European locations. Factory expenses also remain significantly higher than other plants. The company continues to strive for greater efficiency and competitiveness.

26 Aug 2026 3:29 pm