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A major automaker could be cutting 25,000 jobs

Volkswagen's works council chief said the company could cut up to 25,000 staff over the next decade as older workers retire to help the carmaker achieve cost-cuts needed to revive the VW brand. The German group's top executives have been in talks with works council leaders representing VW staff since June in an attempt to agree cost savings to fund the carmaker's post-dieselgate shift to electric vehicles.
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