Companies / Germany
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VW Exodus Begins
June 2006 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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German carmaker Volkswagen has received around 1,000 applications for voluntary retirement or redundancy so far, which according to a company spokesperson has 'exceeded expectations'. VW is looking to reduce the workforce at its six loss-making German plants by around 20,000 people and has offered the buyout packages to its 85,000-strong staff.