VW needs to talk about layoffs: executive

March 7, 2016

0,,16298399_303,00Wolfgang Porsche, the chairman of Volkswagen’s supervisory board and the most powerful interlocutor of the Porsche-PiĆ«ch family, has said talking about layoffs at Europe’s largest automaker should no longer be taboo. Porsche’s words were welcomed by the head of the company’s works council, Bernd Osterloh, who saw them as a departure from the board’s earlier “policy of speechlessness” over its decision to cut VW’s overhead costs by 1 billion euros ($1.1 billion) a year in the wake of its emissions scandal.

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