Volkswagen scraps job guarantees, paving way for lay-offs

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Europe

Volkswagen scraps job guarantees, paving way for lay-offs

Volkswagen’s decades-old promises to its workers are beginning to fade. The car giant is struggling to stay afloat in a rapidly changing market. Now, the threat of job cuts looms over its plants in Germany, sending shockwaves through the country’s workforce. 00:00 Market Movers 5:28 Business In Brief 8:30 Volkswagen scraps job guarantees 14:04 Gold goes up 18:20 UK Economy slowdown 20:27 Apple vs Huawei 23:15 Russian tourism goes up