Volkswagen said that it would open talks with labor unions to come up with a cutting costs strategy as soon as possible, as the automaker is facing pressure to recoup some of the losses triggered by the dieselgate.
After Volkswagen reported its highest ever operating loss last year, as it set aside 16.2 billion euros (18.4 billion dollars) to cope with the financial repercussions of the emissions scandal, the company committed to streamline its operations to reverse the downward trend. Next week it will present a new business plan along these lines, a strategy that will also be focused on more technological investments in electric cars, self-driving systems and mobility services.
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