Volkswagen will give workers a management board seat to try to secure agreement for a far-reaching reform of the company under a new chief executive, sources familiar with the matter said on Wednesday. Europe's biggest automaker has, particularly since its 2015 emissions scandal, been looking to become more focused and efficient by, for example, spinning off its trucks business, creating a premium cars unit or selling motorbike brand Ducati. But CEO Matthias Mueller's attempts at reform have often been thwarted by turf wars among the German company's powerful ...
Wall St slips amid rising US-Russia tensions; eyes on Zuckerberg's hearing
Aluminum prices near highest since 2012 as US Rusal Sanctions bite
VW to give workers a management seat to try to unlock reforms, say sources
The supervisory board would seek to bring works council executive Gunnar Kilian onto the company's management board to try to secure backing for Diess and his plans, said sources
Topics
Volkswagen
Reuters |
First Published: Wed, April 11 2018. 23:32 IST
This article is no longer available in our repository.
There could be multiple reasons for this.
You could try searching for this headline on the source website (reuters.com).