Swiss Auto Suppliers Largely Shielded as Volkswagen Pushes Through Massive Overhaul
Switzerland’s automotive suppliers are expected to avoid the most severe consequences of Volkswagen’s sweeping restructuring program, according to industry analysts, even as Europe’s largest automaker moves forward with one of the biggest workforce reductions in its history. Volkswagen’s supervisory board recently approved a major transformation plan aimed at restoring profitability and competitiveness amid mounting pressure…