The Volkswagen division is freezing new hiring until the end of the year. “We remain under substantial cost pressure,” said the brand’s chief Ralf Brandstaetter. “Deliveries and therefore revenue have dropped sharply. At the same time a large amount of costs remain. This is why we have decided not to add new people.” However, the OEM’s job guarantee for German employees until 2029 will remain in effect. VW will be focusing on retaining staff with the freeze in place. (Source: The Guardian) Read the original story…
